Wealth tax exclusion for enemy vested property; discretionary ex gratia relief likewise not assessable to wealth tax. The circular states that property left in erstwhile East Pakistan and vesting in the custodian of enemy property in Pakistan cannot be assessed to wealth-tax in India in the hands of the original owners, and that ad hoc ex gratia payments from the Consolidated Fund of India in respect of such properties are not assessable to wealth-tax because there is no legally enforceable claim to those grants.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Wealth tax exclusion for enemy vested property; discretionary ex gratia relief likewise not assessable to wealth tax.
The circular states that property left in erstwhile East Pakistan and vesting in the custodian of enemy property in Pakistan cannot be assessed to wealth-tax in India in the hands of the original owners, and that ad hoc ex gratia payments from the Consolidated Fund of India in respect of such properties are not assessable to wealth-tax because there is no legally enforceable claim to those grants.
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