https://www.taxtmi.com/caselaws?id=67569 The Tribunal ruled in favor of the assessee, holding that the gift of jewellery to her daughter-in-law before the completion of the marriage ceremony did not fall under the provisions of section 4(1)(a)(v) of the Wealth-tax Act, 1957. The Tribunal emphasized that for the section to apply, the daughter-in-law must be considered the wife of the son not only on the valuation date but also at the time of the gift. As the marriage was not deemed complete until the Saptapadi ritual, the Tribunal concluded that the daughter-in-law was not the wife at the time of the gift, thereby allowing the appeal and exempting the jewellery from taxation. en-us Sat, 05 Dec 1981 00:00:00 +0530 Fri, 11 Mar 2011 13:16:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67569 The Tribunal ruled in favor of the assessee, holding that the gift of jewellery to her daughter-in-law before the completion of the marriage ceremony did not fall under the provisions of section 4(1)(a)(v) of the Wealth-tax Act, 1957. The Tribunal emphasized that for the section to apply, the daughter-in-law must be considered the wife of the son not only on the valuation date but also at the time of the gift. As the marriage was not deemed complete until the Saptapadi ritual, the Tribunal concluded that the daughter-in-law was not the wife at the time of the gift, thereby allowing the appeal and exempting the jewellery from taxation. Case-Laws Wealth-tax Sat, 05 Dec 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67569