Commissioner Of Wealth Tax vs Raghubar Narain Singh

Whether decrees obtained by the assessee should be valued at their full decretal amounts without considering realization hazards for wealth tax purposes --- Held No. Whether agricultural income-tax dues should be directly deducted from net wealth or considered as a factor affecting asset valuation --- Held Factor affecting valuation. Whether claim decrees under the Bihar Land Reforms Act are assets requiring market-based valuation considering satisfaction hazards --- Held Yes.