https://www.taxtmi.com/caselaws?id=7908 The court ruled in favor of the Commissioner of Wealth-tax, upholding the assessment of wealth-tax on the Administrator-General under section 21(4) of the Wealth-tax Act, 1957. The court determined that the beneficiaries' shares were indeterminate or unknown as of the valuation date, making the Administrator-General liable for the wealth-tax. The Tribunal's decision to set aside the assessment was overturned, and the court concluded that the Administrator-General must pay the assessed wealth-tax amount. en-us Wed, 21 May 1969 00:00:00 +0530 Tue, 24 Mar 2009 09:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7908 The court ruled in favor of the Commissioner of Wealth-tax, upholding the assessment of wealth-tax on the Administrator-General under section 21(4) of the Wealth-tax Act, 1957. The court determined that the beneficiaries' shares were indeterminate or unknown as of the valuation date, making the Administrator-General liable for the wealth-tax. The Tribunal's decision to set aside the assessment was overturned, and the court concluded that the Administrator-General must pay the assessed wealth-tax amount. Case-Laws Wealth-tax Wed, 21 May 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7908