https://www.taxtmi.com/caselaws?id=21756 The High Court of Karnataka ruled in favor of the assessee, Dr. Advocate Ram A. Joshi, regarding the interpretation of the exemption under section 5(1)(xxxiii) of the Wealth-tax Act. The court held that the exemption applied to individuals of Indian origin who returned to India before April 1, 1977, not just after that date when the provision came into effect. This decision clarifies the scope of the exemption provision and sets a precedent for similar cases involving individuals returning to India before the specified date. en-us Thu, 18 Jul 1991 00:00:00 +0530 Fri, 27 Nov 2009 14:29:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21756 The High Court of Karnataka ruled in favor of the assessee, Dr. Advocate Ram A. Joshi, regarding the interpretation of the exemption under section 5(1)(xxxiii) of the Wealth-tax Act. The court held that the exemption applied to individuals of Indian origin who returned to India before April 1, 1977, not just after that date when the provision came into effect. This decision clarifies the scope of the exemption provision and sets a precedent for similar cases involving individuals returning to India before the specified date. Case-Laws Wealth-tax Thu, 18 Jul 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21756