https://www.taxtmi.com/caselaws?id=69344 The Tribunal held that a life interest owner with legal rights of possession, enjoyment, and limited disposition over a property falls within the scope of "belonging to" under section 5(1)(iv) of the Wealth Tax Act. The term was interpreted broadly to include limited ownership interests like a life estate. As a result, the appeals were allowed, and the Wealth Tax Officer was directed to compute the relief under section 5(1)(iv) for the appellant's entitlement to relief on the property in question for the assessment years 1974-75, 1975-76, and 1976-77. en-us Fri, 23 Apr 1982 00:00:00 +0530 Wed, 06 Apr 2011 12:58:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69344 The Tribunal held that a life interest owner with legal rights of possession, enjoyment, and limited disposition over a property falls within the scope of "belonging to" under section 5(1)(iv) of the Wealth Tax Act. The term was interpreted broadly to include limited ownership interests like a life estate. As a result, the appeals were allowed, and the Wealth Tax Officer was directed to compute the relief under section 5(1)(iv) for the appellant's entitlement to relief on the property in question for the assessment years 1974-75, 1975-76, and 1976-77. Case-Laws Income Tax Fri, 23 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69344