https://www.taxtmi.com/caselaws?id=9304 The court affirmed the Tribunal's decision to treat the property as joint family property based on the intention expressed in the will by the assessee, despite the will not yet being in effect. The court emphasized the legal significance of the statements in the will and upheld the Tribunal's ruling to exclude the property income from the total income and consider the property as joint family property for wealth-tax purposes. The revenue was instructed to cover costs, with the counsel's fee set at Rs. 250. en-us Wed, 08 Aug 1973 00:00:00 +0530 Sun, 21 Jun 2009 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9304 The court affirmed the Tribunal's decision to treat the property as joint family property based on the intention expressed in the will by the assessee, despite the will not yet being in effect. The court emphasized the legal significance of the statements in the will and upheld the Tribunal's ruling to exclude the property income from the total income and consider the property as joint family property for wealth-tax purposes. The revenue was instructed to cover costs, with the counsel's fee set at Rs. 250. Case-Laws Income Tax Wed, 08 Aug 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9304