Home Case Index All Cases Wealth-tax Wealth-tax + HC Wealth-tax - 1980 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1980 (3) TMI 28 - BOMBAY HIGH COURTExtract: ....... accumulation . This clearly was a life interest of the assessee and was not an annuity within the meaning of s. 2(e)(iv) of the W.T. Act, 1957. Consequently, having regard to the decision of the Supreme Court, the question referred to us must be answered in the negative and in favour of the revenue. The assessee to pay the costs of this reference.
|