https://www.taxtmi.com/caselaws?id=175132 The Gujarat HC admitted wealth-tax appeals raising whether an encumbrance created by an agreement dated 27 March 1982 could be treated as a restrictive covenant under Rule 21 of Schedule III to the Wealth Tax Act, 1957. The court also identified the issue whether that agreement between the trustees of a family trust and one beneficiary could bind another beneficiary, even after the trustees distributed the assets. The order directed inclusion of additional documents in the paper book and linked the order to connected matters for hearing. en-us Mon, 28 Feb 2005 00:00:00 +0530 Sat, 07 Nov 2015 12:32:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175132 The Gujarat HC admitted wealth-tax appeals raising whether an encumbrance created by an agreement dated 27 March 1982 could be treated as a restrictive covenant under Rule 21 of Schedule III to the Wealth Tax Act, 1957. The court also identified the issue whether that agreement between the trustees of a family trust and one beneficiary could bind another beneficiary, even after the trustees distributed the assets. The order directed inclusion of additional documents in the paper book and linked the order to connected matters for hearing. Case-Laws Wealth-tax Mon, 28 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175132