https://www.taxtmi.com/caselaws?id=65953 For wealth-tax rate purposes, the relevant inquiry was whether a person with taxable wealth was a member of, or otherwise interested in, the HUF property under assessment. The majority held that a female member of a Hindu joint family can validly relinquish her interest in joint family property, and on the facts the karta's wife had ceased to have an assessable interest after her deed of relinquishment. Her separate taxable wealth therefore could not be treated as wealth of a person interested in the assessed HUF. The assessee-HUF was not liable to be assessed as a specified HUF at the higher rate, and the Commissioner's direction was unsustainable. en-us Wed, 14 Sep 1983 00:00:00 +0530 Sat, 19 Feb 2011 14:41:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65953 For wealth-tax rate purposes, the relevant inquiry was whether a person with taxable wealth was a member of, or otherwise interested in, the HUF property under assessment. The majority held that a female member of a Hindu joint family can validly relinquish her interest in joint family property, and on the facts the karta's wife had ceased to have an assessable interest after her deed of relinquishment. Her separate taxable wealth therefore could not be treated as wealth of a person interested in the assessed HUF. The assessee-HUF was not liable to be assessed as a specified HUF at the higher rate, and the Commissioner's direction was unsustainable. Case-Laws Wealth-tax Wed, 14 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65953