https://www.taxtmi.com/caselaws?id=67569 Section 4(1)(a)(v) of the Wealth-tax Act did not apply where jewellery was gifted before the donee became the assessee's son's wife under Hindu law. The marriage was incomplete until Saptapadi was performed, so the recipient remained only a prospective daughter-in-law on the date of gift. The provision was read as requiring the specified relationship to exist both at the time of transfer and when the charging condition is tested on the valuation date. On that basis, the gifted jewellery could not be included in the assessee's wealth. 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 Section 4(1)(a)(v) of the Wealth-tax Act did not apply where jewellery was gifted before the donee became the assessee's son's wife under Hindu law. The marriage was incomplete until Saptapadi was performed, so the recipient remained only a prospective daughter-in-law on the date of gift. The provision was read as requiring the specified relationship to exist both at the time of transfer and when the charging condition is tested on the valuation date. On that basis, the gifted jewellery could not be included in the assessee's wealth. Case-Laws Wealth-tax Sat, 05 Dec 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67569