https://www.taxtmi.com/caselaws?id=69495 The case involved a dispute over the inclusion of an amount in a wealth-tax assessment related to a trust for the would-be wife. The tax authorities included the amount, citing a violation of the trust deed clauses. The assessee argued that the provision of the Wealth-tax Act regarding assets held by a spouse was not applicable as the amount was gifted before marriage. The tribunal upheld the assessee's claim, emphasizing that the transfer should have been to the spouse at the time of transfer, and the subsequent marriage did not affect the provision's applicability. The appeal was allowed based on the timing of the transfer to the spouse. en-us Thu, 23 Sep 1982 00:00:00 +0530 Thu, 07 Apr 2011 13:04:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69495 The case involved a dispute over the inclusion of an amount in a wealth-tax assessment related to a trust for the would-be wife. The tax authorities included the amount, citing a violation of the trust deed clauses. The assessee argued that the provision of the Wealth-tax Act regarding assets held by a spouse was not applicable as the amount was gifted before marriage. The tribunal upheld the assessee's claim, emphasizing that the transfer should have been to the spouse at the time of transfer, and the subsequent marriage did not affect the provision's applicability. The appeal was allowed based on the timing of the transfer to the spouse. Case-Laws Wealth-tax Thu, 23 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69495