https://www.taxtmi.com/caselaws?id=49221 The court held that the shares were not held for the benefit of the minor children on the relevant dates, thus excluding their value from the assessee's net wealth for the assessment years in question. The appeals were allowed, the High Court's judgment was set aside, and the question was answered negatively. The assessee was granted costs. Justice Shah, in a separate opinion, supported the High Court's decision, emphasizing the immediate benefit to the children and dismissing the appeals. en-us Fri, 06 May 1966 00:00:00 +0530 Sat, 06 Aug 2016 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49221 The court held that the shares were not held for the benefit of the minor children on the relevant dates, thus excluding their value from the assessee's net wealth for the assessment years in question. The appeals were allowed, the High Court's judgment was set aside, and the question was answered negatively. The assessee was granted costs. Justice Shah, in a separate opinion, supported the High Court's decision, emphasizing the immediate benefit to the children and dismissing the appeals. Case-Laws Wealth-tax Fri, 06 May 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49221