https://www.taxtmi.com/caselaws?id=39044 The proviso to section 4(1) of the Wealth-tax Act was construed according to its plain wording and temporal limit. Assets transferred to a spouse were excluded from net wealth only for gifts made within the specified period after 31 March 1964 and up to 1 April 1972, whether chargeable to gift-tax or otherwise not chargeable under section 5 of the Gift-tax Act. A comma in the proviso was held not to control interpretation because punctuation cannot override clear statutory meaning. A gift made in 1958 therefore fell outside the exclusion and was includible in net wealth. en-us Wed, 03 Nov 1976 00:00:00 +0530 Mon, 12 Apr 2010 11:57:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39044 The proviso to section 4(1) of the Wealth-tax Act was construed according to its plain wording and temporal limit. Assets transferred to a spouse were excluded from net wealth only for gifts made within the specified period after 31 March 1964 and up to 1 April 1972, whether chargeable to gift-tax or otherwise not chargeable under section 5 of the Gift-tax Act. A comma in the proviso was held not to control interpretation because punctuation cannot override clear statutory meaning. A gift made in 1958 therefore fell outside the exclusion and was includible in net wealth. Case-Laws Wealth-tax Wed, 03 Nov 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39044