9911796707
TMI Blog1999 (9) TMI 38X X X X Extracts X X X X X X X X Extracts X X X X ..... espondent that the reopening of the wealth-tax assessment was unwarranted as the declaration filed along with the original return to the effect that no member of the Hindu undivided family had wealth of Rs. 1,00,000, was based upon the assessee's declaration in terms of the mandate contained in the Act. We do not find any substance in such a contention. As the Assessing Officer has rightly stated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... der the Income-tax Act. This court held that the karta of the smaller-Hindu undivided family is also a member of the larger-Hindu undivided family and has a share therein. The court further held that whatever be the capacity in which the member of the Hindu undivided family has the income, if that income exceeds the amount specified in the Finance Act, the higher rate would apply. The reasoning in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... has been declared by this court in the decision referred to above. We have in this order held that the reasoning adopted in that decision is applicable with equal force to the relevant provision of the Wealth-tax Act. The facts are not in dispute at all. Having regard to these circumstances, we do not feel that it is worthwhile to ask the Tribunal to once again redo the same exercise. &n ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
