https://www.taxtmi.com/caselaws?id=22196 A karta's interest in a firm, when held on behalf of a Hindu undivided family, can be included in the family's wealth under section 4(1)(b) of the Wealth-tax Act, so the assessee's objection on assessability failed. Where the admitted difference exceeded the 20 per cent threshold, rule 2B(2) of the Wealth-tax Rules applied, so deletion of penalty could not rest on the contrary view accepted by the Tribunal. The concealment question was not finally negatived on the facts and remained open only to the extent permissible in law. en-us Thu, 25 Apr 1991 00:00:00 +0530 Tue, 08 Dec 2009 10:37:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22196 A karta's interest in a firm, when held on behalf of a Hindu undivided family, can be included in the family's wealth under section 4(1)(b) of the Wealth-tax Act, so the assessee's objection on assessability failed. Where the admitted difference exceeded the 20 per cent threshold, rule 2B(2) of the Wealth-tax Rules applied, so deletion of penalty could not rest on the contrary view accepted by the Tribunal. The concealment question was not finally negatived on the facts and remained open only to the extent permissible in law. Case-Laws Wealth-tax Thu, 25 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22196