https://www.taxtmi.com/caselaws?id=25400 The High Court ruled in favor of the Revenue, holding that the phrase "after the commencement of the Wealth-tax Act" in section 5(1)(xxi) should be interpreted to refer to the general commencement date of the Act in 1957. The Court directed the Tribunal to reconsider the case based on this interpretation to determine the assessee's eligibility for relief under the specified section. No specific cost orders were issued, but the Tribunal was instructed to apply the clarified legal position in future assessments related to relief under section 5(1)(xxi) of the Wealth-tax Act, 1957. en-us Thu, 09 Apr 1987 00:00:00 +0530 Thu, 28 Jan 2010 13:32:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25400 The High Court ruled in favor of the Revenue, holding that the phrase "after the commencement of the Wealth-tax Act" in section 5(1)(xxi) should be interpreted to refer to the general commencement date of the Act in 1957. The Court directed the Tribunal to reconsider the case based on this interpretation to determine the assessee's eligibility for relief under the specified section. No specific cost orders were issued, but the Tribunal was instructed to apply the clarified legal position in future assessments related to relief under section 5(1)(xxi) of the Wealth-tax Act, 1957. Case-Laws Wealth-tax Thu, 09 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25400