https://www.taxtmi.com/caselaws?id=7162 The court held that the sums of Rs. 7,29,241, Rs. 7,35,211, and Rs. 7,35,666 were assessable as the net wealth of the assessee on the respective valuation dates. The assessee's interest in the trust fund was not merely an annuity but an aliquot share in the general income, disqualifying her from the claimed exemption under Section 2(e)(iv) of the Wealth-tax Act. The power of appointment did not significantly alter the taxability of her interest due to her specific circumstances. The court ruled in favor of the revenue, and the Commissioner of Wealth-tax was entitled to costs. en-us Wed, 15 Nov 1967 00:00:00 +0530 Thu, 12 Feb 2009 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7162 The court held that the sums of Rs. 7,29,241, Rs. 7,35,211, and Rs. 7,35,666 were assessable as the net wealth of the assessee on the respective valuation dates. The assessee's interest in the trust fund was not merely an annuity but an aliquot share in the general income, disqualifying her from the claimed exemption under Section 2(e)(iv) of the Wealth-tax Act. The power of appointment did not significantly alter the taxability of her interest due to her specific circumstances. The court ruled in favor of the revenue, and the Commissioner of Wealth-tax was entitled to costs. Case-Laws Wealth-tax Wed, 15 Nov 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7162