https://www.taxtmi.com/caselaws?id=64043 The Tribunal upheld the validity of the reopening of the assessments and the quantum of wealth determined by the WTO. It confirmed that Part B of the trust fund was indeterminate and liable to be assessed under sub-section (4) of section 21. The Tribunal also clarified that separate assessments should be made for Part A and Part B of the trust funds, applying the appropriate wealth tax rates. The appeals were thus partly allowed. en-us Mon, 12 May 1986 00:00:00 +0530 Thu, 03 Feb 2011 13:25:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64043 The Tribunal upheld the validity of the reopening of the assessments and the quantum of wealth determined by the WTO. It confirmed that Part B of the trust fund was indeterminate and liable to be assessed under sub-section (4) of section 21. The Tribunal also clarified that separate assessments should be made for Part A and Part B of the trust funds, applying the appropriate wealth tax rates. The appeals were thus partly allowed. Case-Laws Wealth-tax Mon, 12 May 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64043