https://www.taxtmi.com/caselaws?id=7776 The court ruled that the properties covered by the document dated October 14, 1953, could not be included in the net wealth of the assessee as the ownership was transferred to a charitable purpose through a wakf deed. The document was deemed a wakf deed, not a will, and therefore not revocable. As the properties were dedicated for charitable purposes, they were excluded from the assessee's net wealth under the Wealth-tax Act. The court did not address the exception under section 5(1)(i) as the properties were already excluded under section 3. en-us Mon, 11 Nov 1968 00:00:00 +0530 Thu, 19 Mar 2009 09:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7776 The court ruled that the properties covered by the document dated October 14, 1953, could not be included in the net wealth of the assessee as the ownership was transferred to a charitable purpose through a wakf deed. The document was deemed a wakf deed, not a will, and therefore not revocable. As the properties were dedicated for charitable purposes, they were excluded from the assessee's net wealth under the Wealth-tax Act. The court did not address the exception under section 5(1)(i) as the properties were already excluded under section 3. Case-Laws Wealth-tax Mon, 11 Nov 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7776