https://www.taxtmi.com/caselaws?id=15234 For wealth-tax purposes, the statutory exemption for partnership assets was held to attach to the partner's share and not merely to the firm's deemed net wealth. Applying its earlier view, the Court stated that the benefit under section 5(1A) is available in the partner's individual assessment to the extent of the exempt assets attributable to that share, even though the firm's net wealth is computed first on a deemed basis. en-us Tue, 27 Oct 1998 00:00:00 +0530 Mon, 03 Aug 2009 18:18:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15234 For wealth-tax purposes, the statutory exemption for partnership assets was held to attach to the partner's share and not merely to the firm's deemed net wealth. Applying its earlier view, the Court stated that the benefit under section 5(1A) is available in the partner's individual assessment to the extent of the exempt assets attributable to that share, even though the firm's net wealth is computed first on a deemed basis. Case-Laws Wealth-tax Tue, 27 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15234