https://www.taxtmi.com/caselaws?id=69989 The tribunal dismissed the appeal of a Hindu undivided family seeking exemption under section 5(1)(xxxiii) of the Wealth-tax Act for the assessment year 1985-86. The tribunal held that the exemption was available only to individuals, not Hindu undivided families, as the requirement of being a person of Indian origin could not be extended to a family entity. The tribunal emphasized that the criteria of 'ordinarily residing' in a foreign country applied to individual human beings, and therefore, the family could not claim the exemption based on the karta's status. en-us Mon, 24 Apr 1989 00:00:00 +0530 Wed, 13 Apr 2011 12:24:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69989 The tribunal dismissed the appeal of a Hindu undivided family seeking exemption under section 5(1)(xxxiii) of the Wealth-tax Act for the assessment year 1985-86. The tribunal held that the exemption was available only to individuals, not Hindu undivided families, as the requirement of being a person of Indian origin could not be extended to a family entity. The tribunal emphasized that the criteria of 'ordinarily residing' in a foreign country applied to individual human beings, and therefore, the family could not claim the exemption based on the karta's status. Case-Laws Wealth-tax Mon, 24 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69989