https://www.taxtmi.com/caselaws?id=20575 The Tribunal held that the assessee-trust was not liable to pay wealth-tax under section 21A of the Wealth-tax Act, 1957, for the assessment years 1973-74 and 1974-75. The Tribunal found that the investments made by the trust were by way of donation or accretion, and not in violation of the provisions of the Income-tax Act, thus entitling the trust to exemption from wealth tax. The decision was in favor of the assessee-trust, with no costs awarded. en-us Mon, 06 Jul 1992 00:00:00 +0530 Sat, 14 Nov 2009 17:21:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20575 The Tribunal held that the assessee-trust was not liable to pay wealth-tax under section 21A of the Wealth-tax Act, 1957, for the assessment years 1973-74 and 1974-75. The Tribunal found that the investments made by the trust were by way of donation or accretion, and not in violation of the provisions of the Income-tax Act, thus entitling the trust to exemption from wealth tax. The decision was in favor of the assessee-trust, with no costs awarded. Case-Laws Wealth-tax Mon, 06 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20575