https://www.taxtmi.com/caselaws?id=13872 The exemption under section 5(1)(xxxiii) of the Wealth-tax Act, 1957 was confined to the statutory class of "person" covered by the provision, and the explanation on Indian origin did not extend that relief to a Hindu undivided family. The Court held that the place-of-birth criterion could not be applied to an HUF, and the family's treatment as resident but not ordinarily resident in income-tax proceedings did not by itself make it eligible for wealth-tax exemption. The claim was therefore rejected and the issue was answered against the assessee HUF and in favour of the Revenue. en-us Wed, 21 Feb 2001 00:00:00 +0530 Sat, 04 Jul 2009 16:04:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13872 The exemption under section 5(1)(xxxiii) of the Wealth-tax Act, 1957 was confined to the statutory class of "person" covered by the provision, and the explanation on Indian origin did not extend that relief to a Hindu undivided family. The Court held that the place-of-birth criterion could not be applied to an HUF, and the family's treatment as resident but not ordinarily resident in income-tax proceedings did not by itself make it eligible for wealth-tax exemption. The claim was therefore rejected and the issue was answered against the assessee HUF and in favour of the Revenue. Case-Laws Wealth-tax Wed, 21 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13872