https://www.taxtmi.com/caselaws?id=20287 The court ruled in favor of the assessee, holding that the interest accrued to the minor son should not be included in the net wealth of the assessee under section 4(1)(a)(ii) of the Wealth-tax Act. The court emphasized that only the assets transferred, not their accretions, should be considered for inclusion. The judgment favored a strict interpretation of the law without extending the fiction beyond its clear wording, citing relevant precedents to support this interpretation. en-us Wed, 22 Sep 1993 00:00:00 +0530 Fri, 13 Nov 2009 10:34:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20287 The court ruled in favor of the assessee, holding that the interest accrued to the minor son should not be included in the net wealth of the assessee under section 4(1)(a)(ii) of the Wealth-tax Act. The court emphasized that only the assets transferred, not their accretions, should be considered for inclusion. The judgment favored a strict interpretation of the law without extending the fiction beyond its clear wording, citing relevant precedents to support this interpretation. Case-Laws Wealth-tax Wed, 22 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20287