https://www.taxtmi.com/caselaws?id=21399 The Tribunal ruled in favor of the assessee, granting exemption from wealth tax under section 5(1)(i) of the Wealth-tax Act, 1957. The decision was based on the assessee not advancing loans to interested companies and receiving loan bonds as donations, aligning with the principles established in previous case law. The judges affirmed the Tribunal's decision, concluding that the shares were exempt under the Income-tax Act, and no costs were awarded. en-us Mon, 20 Jan 1992 00:00:00 +0530 Tue, 24 Nov 2009 11:21:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21399 The Tribunal ruled in favor of the assessee, granting exemption from wealth tax under section 5(1)(i) of the Wealth-tax Act, 1957. The decision was based on the assessee not advancing loans to interested companies and receiving loan bonds as donations, aligning with the principles established in previous case law. The judges affirmed the Tribunal's decision, concluding that the shares were exempt under the Income-tax Act, and no costs were awarded. Case-Laws Wealth-tax Mon, 20 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21399