https://www.taxtmi.com/caselaws?id=26762 The High Court dismissed reference applications under the Wealth-tax Act, 1957, pertaining to the inclusion of wealth of unseparated coparceners in the assets of an assessee-Hindu undivided family. The court upheld the Tribunal's decision to exclude certain individuals' capital and property from the family's net wealth, emphasizing the individual nature of these assets. Citing precedents, the court ruled that the Tribunal's factual findings on ownership within the family were conclusive and declined to direct a reference on the question of law proposed by the Commissioner of Wealth-tax. The reference applications were ultimately dismissed. en-us Mon, 22 Apr 1985 00:00:00 +0530 Mon, 08 Feb 2010 13:06:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26762 The High Court dismissed reference applications under the Wealth-tax Act, 1957, pertaining to the inclusion of wealth of unseparated coparceners in the assets of an assessee-Hindu undivided family. The court upheld the Tribunal's decision to exclude certain individuals' capital and property from the family's net wealth, emphasizing the individual nature of these assets. Citing precedents, the court ruled that the Tribunal's factual findings on ownership within the family were conclusive and declined to direct a reference on the question of law proposed by the Commissioner of Wealth-tax. The reference applications were ultimately dismissed. Case-Laws Wealth-tax Mon, 22 Apr 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26762