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2010 (3) TMI 178 - HC - Wealth-taxAssessment of Trust – Discretionary trust – assessment u/s 21(4) wealth tax act, 1957 – corresponding to section 164 of the income tax act, 1961 – Following the decision in the matter of Commissioner of Wealth Tax (C), Ludhiana vs. Smt. Gurmail Kaur Trust, Ludhiana [2008 -TMI - 11090 - PUNJAB AND HARYANA High Court] held that: trust could not be treated as a discretionary one to be assessed as per provisions of Section 21(4) of the Wealth-tax Act, 1957
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