https://www.taxtmi.com/caselaws?id=207511 The Kerala High Court held that the assessment under Section 21(4) of the Wealth Tax Act was invalid in a case involving the determination of shares of beneficiaries of a trust. The Court ruled that since the shares of beneficiaries were known and determinate, Section 21(1) should apply instead. This decision overturned the assessment made by the Tribunal under Section 21(4) and favored the petitioner against the revenue. en-us Fri, 08 Jan 2010 00:00:00 +0530 Thu, 15 Dec 2011 09:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207511 The Kerala High Court held that the assessment under Section 21(4) of the Wealth Tax Act was invalid in a case involving the determination of shares of beneficiaries of a trust. The Court ruled that since the shares of beneficiaries were known and determinate, Section 21(1) should apply instead. This decision overturned the assessment made by the Tribunal under Section 21(4) and favored the petitioner against the revenue. Case-Laws Wealth-tax Fri, 08 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207511