Home Case Index All Cases Wealth-tax Wealth-tax + HC Wealth-tax - 1977 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1977 (7) TMI 8 - BOMBAY HIGH COURTExtract: .......1964, It is quite evident that prior to the amendment if a transfer was effected indirectly in favour of a minor child then it was not capable of being included in computing the net wealth of an assessee. In the result, our answer to the question is in the affirmative and in favour of the assessees. The revenue shall pay the costs of the assessees.
|