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2001 (11) TMI 9 - MADRAS HIGH COURTWhether, Tribunal was right in holding that the Wealth-tax Officer was right in invoking section 35 and rectifying and withdrawing the deduction of estate duty liability originally allowed from the net wealth of the assessee-HUF? - Whether the Tribunal was right in holding that the estate duty liability relating to 1/3rd undivided share of the deceased coparcener cannot be deducted from the net wealth of the assessee-HUF? - Whether the Tribunal was right in not appreciating the fact that the assessee-HUF continued to exist even after the death of a coparcener Kumara Rajah M.A.M. Muthiah Chettiar even though notional partition may have been envisaged under the Hindu Succession Act?" - Questions are answered in favour of the Revenue and against the assessee.
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