https://www.taxtmi.com/caselaws?id=26825 The High Court ruled in favor of the Revenue in a case concerning the Wealth-tax Act. It held that the term "member" includes female members of a Hindu undivided family for wealth tax assessment at higher rates. Additionally, the court allowed the inclusion of partnership interest in the net wealth of a Hindu undivided family, affirming that the family is liable to pay wealth tax on such interest held through its karta. The court's decision supported the Revenue's position on both issues, emphasizing the application of wealth tax provisions to Hindu undivided families. en-us Mon, 29 Oct 1984 00:00:00 +0530 Mon, 08 Feb 2010 16:52:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26825 The High Court ruled in favor of the Revenue in a case concerning the Wealth-tax Act. It held that the term "member" includes female members of a Hindu undivided family for wealth tax assessment at higher rates. Additionally, the court allowed the inclusion of partnership interest in the net wealth of a Hindu undivided family, affirming that the family is liable to pay wealth tax on such interest held through its karta. The court's decision supported the Revenue's position on both issues, emphasizing the application of wealth tax provisions to Hindu undivided families. Case-Laws Wealth-tax Mon, 29 Oct 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26825