https://www.taxtmi.com/caselaws?id=70126 The Tribunal ruled in favor of the assessee, determining that the shares of the beneficiaries were known and specific during the relevant accounting period. The Tribunal emphasized that the beneficiaries were a fixed number of persons with determinate shares, as stated in the declaration deed. Despite the possibility of unequal marriage expenses for the daughters, the Tribunal held that the shares were definite and known, rejecting the Revenue's argument. Consequently, all appeals by the Revenue were dismissed, confirming that section 21(4) of the Wealth Tax Act did not apply in this case. en-us Wed, 26 Nov 1975 00:00:00 +0530 Thu, 14 Apr 2011 15:05:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70126 The Tribunal ruled in favor of the assessee, determining that the shares of the beneficiaries were known and specific during the relevant accounting period. The Tribunal emphasized that the beneficiaries were a fixed number of persons with determinate shares, as stated in the declaration deed. Despite the possibility of unequal marriage expenses for the daughters, the Tribunal held that the shares were definite and known, rejecting the Revenue's argument. Consequently, all appeals by the Revenue were dismissed, confirming that section 21(4) of the Wealth Tax Act did not apply in this case. Case-Laws Wealth-tax Wed, 26 Nov 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70126