https://www.taxtmi.com/caselaws?id=19289 The High Court of Gujarat ruled in favor of the assessee in a wealth-tax assessment case for the year 1965-66. The court determined that the assessee was entitled to only half of the income from the trust property as per the will and deed of assignment, resulting in only half of the capitalised value of his interest in the immovable properties being liable to wealth-tax. This decision aligned with the Tribunal's findings, concluding that the assessee owned a moiety in the trust property for wealth-tax purposes. en-us Tue, 18 Oct 1994 00:00:00 +0530 Thu, 05 Nov 2009 12:12:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19289 The High Court of Gujarat ruled in favor of the assessee in a wealth-tax assessment case for the year 1965-66. The court determined that the assessee was entitled to only half of the income from the trust property as per the will and deed of assignment, resulting in only half of the capitalised value of his interest in the immovable properties being liable to wealth-tax. This decision aligned with the Tribunal's findings, concluding that the assessee owned a moiety in the trust property for wealth-tax purposes. Case-Laws Wealth-tax Tue, 18 Oct 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19289