https://www.taxtmi.com/caselaws?id=14985 The High Court ruled in favor of the assessee, holding that the minor beneficiary was entitled to exemption under section 5(1)(xxxi) of the Wealth-tax Act. The Court affirmed the Appellate Tribunal's jurisdiction to entertain a new plea raised by the assessee for exemption, as the Tribunal properly exercised its discretion in considering the new ground, which aligned with the existing grounds for exemption. en-us Wed, 25 Feb 1998 00:00:00 +0530 Mon, 27 Jul 2009 14:07:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14985 The High Court ruled in favor of the assessee, holding that the minor beneficiary was entitled to exemption under section 5(1)(xxxi) of the Wealth-tax Act. The Court affirmed the Appellate Tribunal's jurisdiction to entertain a new plea raised by the assessee for exemption, as the Tribunal properly exercised its discretion in considering the new ground, which aligned with the existing grounds for exemption. Case-Laws Wealth-tax Wed, 25 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14985