https://www.taxtmi.com/caselaws?id=69786 The Tribunal dismissed the departmental appeal and affirmed the AAC's decision regarding the exemption eligibility for investments in National Defence Certificates. It clarified the interpretation of section 5(1A) and the proviso, emphasizing that the ceiling should not restrict exemptions for certain investments. The judgment underscored the importance of considering specific provisions of the Wealth Tax Act in determining exemption eligibility. en-us Mon, 08 Sep 1980 00:00:00 +0530 Tue, 12 Apr 2011 10:55:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69786 The Tribunal dismissed the departmental appeal and affirmed the AAC's decision regarding the exemption eligibility for investments in National Defence Certificates. It clarified the interpretation of section 5(1A) and the proviso, emphasizing that the ceiling should not restrict exemptions for certain investments. The judgment underscored the importance of considering specific provisions of the Wealth Tax Act in determining exemption eligibility. Case-Laws Wealth-tax Mon, 08 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69786