Court rules assessee not Hindu undivided family for wealth tax. Precedent from earlier case considered.

The High Court of Madras held that the assessee's status should not be treated as that of a Hindu undivided family for wealth-tax assessment in 1976-77, following a precedent from an earlier case involving the same assessee for 1972-73 to 1974-75. The ruling favored the Department.

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The High Court of Madras ruled that the status of the assessee should not be considered as that of a Hindu undivided family for wealth-tax assessment purposes for the assessment year 1976-77. This decision was based on a previous ruling in a similar case involving the same assessee for the assessment years 1972-73 to 1974-75. The court's decision favored the Department.

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