https://www.taxtmi.com/caselaws?id=65938 The Appellate Tribunal upheld the exemption granted by the Wealth Tax Officer to an Indian citizen returning from Australia for the assessment years 1977-78 and 1978-79 under section 5(1)(xxxiii) of the Wealth-tax Act, 1957. The Tribunal ruled that the exemption provision applied to all eligible individuals, regardless of the date of return to India, covering seven successive assessment years starting from the year following return. The Commissioner's challenge based on the timing of asset transfer was rejected, and the Tribunal allowed the appeals, affirming the correctness of the exemption granted by the WTO. en-us Mon, 27 Dec 1982 00:00:00 +0530 Sat, 19 Feb 2011 13:33:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65938 The Appellate Tribunal upheld the exemption granted by the Wealth Tax Officer to an Indian citizen returning from Australia for the assessment years 1977-78 and 1978-79 under section 5(1)(xxxiii) of the Wealth-tax Act, 1957. The Tribunal ruled that the exemption provision applied to all eligible individuals, regardless of the date of return to India, covering seven successive assessment years starting from the year following return. The Commissioner's challenge based on the timing of asset transfer was rejected, and the Tribunal allowed the appeals, affirming the correctness of the exemption granted by the WTO. Case-Laws Wealth-tax Mon, 27 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65938