https://www.taxtmi.com/caselaws?id=49342 The Supreme Court upheld the validity of Section 3 of the Wealth-tax Act, 1957, under Entry 86, List I of the Seventh Schedule to the Constitution. The Court interpreted "individuals" broadly to include Hindu undivided families (HUFs), affirming Parliament's competence to levy wealth-tax on HUFs. The appeals challenging the provision's validity were dismissed with costs, as the Court found no need to consider the applicability of Entry 97 or Article 248. en-us Tue, 08 Dec 1964 00:00:00 +0530 Thu, 21 Aug 2014 08:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49342 The Supreme Court upheld the validity of Section 3 of the Wealth-tax Act, 1957, under Entry 86, List I of the Seventh Schedule to the Constitution. The Court interpreted "individuals" broadly to include Hindu undivided families (HUFs), affirming Parliament's competence to levy wealth-tax on HUFs. The appeals challenging the provision's validity were dismissed with costs, as the Court found no need to consider the applicability of Entry 97 or Article 248. Case-Laws Wealth-tax Tue, 08 Dec 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49342