#Asset Valuation

The Supreme Court held that under Sections 46 and 48 of the Partnership Act, an outgoing partner in a partnership at will is entitled to the value of their share as on the date of liquidation of assets, not the date of dissolution. This ensures partners receive the benefit of any appreciation in asset value during the winding-up period.

NCLAT rules that unsold inventory in a RERA-registered project must be included in the corporate debtor’s asset pool during CIRP, even if the collaboration agreement is disputed or non-enforceable. This holding strengthens creditor claims and prevents developers from shielding project assets from insolvency proceedings.

Kerala High Court holds that Article 137 Limitation Act applies to Section 3 claims, but refusal of maintenance within three years revives the claim; remands for assessment of husband's assets.

ITAT holds that unexplained gold under Section 69A must be valued at the assessee's actual cost price, not customs or market rate, setting a precedent for asset valuation in income tax assessments.