https://www.taxtmi.com/caselaws?id=289008 The Court affirmed the inclusion of properties transferred under a trust deed for the benefit of a minor son in the assessee's net wealth for wealth-tax assessment. The Tribunal's decision was upheld, emphasizing that the transfer fell under section 4(1)(a)(iii) as it benefited the minor child. The Court rejected arguments based on income versus corpus transfer, focusing on the overall benefit to the minor child. The assessee was directed to pay the costs of the reference. en-us Thu, 26 Sep 1963 00:00:00 +0530 Thu, 09 Jul 2020 17:00:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289008 The Court affirmed the inclusion of properties transferred under a trust deed for the benefit of a minor son in the assessee's net wealth for wealth-tax assessment. The Tribunal's decision was upheld, emphasizing that the transfer fell under section 4(1)(a)(iii) as it benefited the minor child. The Court rejected arguments based on income versus corpus transfer, focusing on the overall benefit to the minor child. The assessee was directed to pay the costs of the reference. Case-Laws Income Tax Thu, 26 Sep 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289008