Belong Wealth Tax Act, 1957, Ss. 3, 2(m) The expression “belong” has been defined as follows in the Oxford English Dictionary : To be the property or rightful possession of. So it is the property of a person, or that which is in his possession as of right, which is liable to wealth-tax. In other words, the liability to wealth-tax arises out of ownership of arrest, and not otherwise. Mere possession or joint possession, unaccompanied by the right to, or ownership of property would therefore not bring the property within the definition of “net wealth” for it would not then be an asset “belonging” to the assessee. (C.W.T. v. Bishwanath Chatterjee, (1976) 2 SCC 385 (388)