Home Case Index All Cases Wealth-tax Wealth-tax + HC Wealth-tax - 1972 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1972 (1) TMI 21 - MADRAS HIGH COURTWhether the wealth-tax levied on the legal representative of the deceased who is the assessee, is in accordance with law - Tribunal is justified in coming to the conclusion that the assessee acquired the entire jewels of Rs. 1,00,000 possessed by her brother at the time of his death - As the assessee has not produced any acceptable evidence to substantiate her case that her brother left jewels worth only Rs. 3,350 and that she inherited only those jewels, and to displace the evidentiary value of the final orders passed under the Wealth-tax Act against the deceased and under the Estate Duty Act against the assessee herself, assessments made under the Wealth-tax Act is upheld - assessee is in a position to produce any acceptable material to support her plea that she in fact inherited only jewels worth about Rs. 3,350 from the deceased, she is not estopped in putting forward that plea in the subsequent years
|