https://www.taxtmi.com/caselaws?id=36992 The court ruled in favor of the revenue, denying exemption for female-use gold ornaments and jewellery under section 5(1)(viii) of the Wealth-tax Act. The decision emphasized the importance of proving the intended use based on existing circumstances and legal precedents, rejecting the argument that items could be used by sisters or sisters-in-law in the future. The court highlighted the necessity of presenting relevant evidence during legal proceedings to support claims for exemption. en-us Mon, 23 Oct 1978 00:00:00 +0530 Thu, 25 Mar 2010 17:09:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36992 The court ruled in favor of the revenue, denying exemption for female-use gold ornaments and jewellery under section 5(1)(viii) of the Wealth-tax Act. The decision emphasized the importance of proving the intended use based on existing circumstances and legal precedents, rejecting the argument that items could be used by sisters or sisters-in-law in the future. The court highlighted the necessity of presenting relevant evidence during legal proceedings to support claims for exemption. Case-Laws Wealth-tax Mon, 23 Oct 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36992