https://www.taxtmi.com/caselaws?id=71775 The Tribunal dismissed the Revenue's appeals challenging the AAC's order on the assessee's wealth tax liability under s. 5(1)(i) of the WT Act for specific assessment years. The beneficiaries were found to represent a section of the public, aligning with the Andhra Pradesh High Court judgment. The Tribunal upheld the AAC's decision, emphasizing the fund's beneficiaries as a cross-section of the public, thus determining the tax liability in favor of the assessee. en-us Fri, 26 Jul 1985 00:00:00 +0530 Wed, 27 Apr 2011 10:08:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71775 The Tribunal dismissed the Revenue's appeals challenging the AAC's order on the assessee's wealth tax liability under s. 5(1)(i) of the WT Act for specific assessment years. The beneficiaries were found to represent a section of the public, aligning with the Andhra Pradesh High Court judgment. The Tribunal upheld the AAC's decision, emphasizing the fund's beneficiaries as a cross-section of the public, thus determining the tax liability in favor of the assessee. Case-Laws Wealth-tax Fri, 26 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71775