https://www.taxtmi.com/caselaws?id=13500 The court ruled in favor of the assessee, determining that the property, house No. 64, Lajpat Nagar, Varanasi, belonged to the wife post-transfer from the assessee. The court applied section 4(7) of the Wealth-tax Act, 1957, emphasizing the wife's ownership rights despite the transfer not being evidenced by a registered sale deed. The judgment concluded that the property's value should not be included in the assessee's wealth, highlighting the legislative intent behind section 4(7) and relevant case law interpretations. en-us Tue, 08 Aug 2006 00:00:00 +0530 Fri, 29 May 2009 12:17:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13500 The court ruled in favor of the assessee, determining that the property, house No. 64, Lajpat Nagar, Varanasi, belonged to the wife post-transfer from the assessee. The court applied section 4(7) of the Wealth-tax Act, 1957, emphasizing the wife's ownership rights despite the transfer not being evidenced by a registered sale deed. The judgment concluded that the property's value should not be included in the assessee's wealth, highlighting the legislative intent behind section 4(7) and relevant case law interpretations. Case-Laws Income Tax Tue, 08 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13500