https://www.taxtmi.com/caselaws?id=70081 The court held that the maintenance value payable to the assessee's wife by the son, as per the partition deed, should not be included in the assessee's net wealth under section 4(1A)(c) of the Wealth-tax Act, 1957. The charge created on the property for maintenance did not amount to a transfer of interest, and there was no nexus between the maintenance received and the converted property. Consequently, the addition made under section 4(1A)(c) was deleted from the assessee's net wealth for all assessment years, and the Wealth-tax Officer was directed to recalculate the net wealth. en-us Thu, 08 Oct 1987 00:00:00 +0530 Tue, 25 Jun 2013 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70081 The court held that the maintenance value payable to the assessee's wife by the son, as per the partition deed, should not be included in the assessee's net wealth under section 4(1A)(c) of the Wealth-tax Act, 1957. The charge created on the property for maintenance did not amount to a transfer of interest, and there was no nexus between the maintenance received and the converted property. Consequently, the addition made under section 4(1A)(c) was deleted from the assessee's net wealth for all assessment years, and the Wealth-tax Officer was directed to recalculate the net wealth. Case-Laws Wealth-tax Thu, 08 Oct 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70081