https://www.taxtmi.com/caselaws?id=66079 The Tribunal dismissed the Revenue's appeals, affirming that Section 21(4) of the Wealth-tax Act was inapplicable as the trust deed clearly identified beneficiaries and their shares. Assessments made under Section 21(4) were canceled as the beneficiaries' shares were determinate. The Tribunal ruled that the remainderman's interest of Prince Shahmat Ali Khan could not be included in assessments during Prince Moazam Jah's lifetime. Reopening assessments under Section 17 was deemed invalid as the beneficiaries' shares were specific and determinate. en-us Mon, 28 Nov 1994 00:00:00 +0530 Mon, 21 Feb 2011 13:03:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66079 The Tribunal dismissed the Revenue's appeals, affirming that Section 21(4) of the Wealth-tax Act was inapplicable as the trust deed clearly identified beneficiaries and their shares. Assessments made under Section 21(4) were canceled as the beneficiaries' shares were determinate. The Tribunal ruled that the remainderman's interest of Prince Shahmat Ali Khan could not be included in assessments during Prince Moazam Jah's lifetime. Reopening assessments under Section 17 was deemed invalid as the beneficiaries' shares were specific and determinate. Case-Laws Wealth-tax Mon, 28 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66079