https://www.taxtmi.com/caselaws?id=55640 The Tribunal dismissed the appeal and affirmed the assessee's entitlement to exemptions under sections 5(1)(iv), 5(1)(xxii), and 5(1)(xxvi) of the Wealth Tax Act, 1957 for her remainderman's interest in immovable properties, shares, and bank deposits settled on trust by late Sir R. J. Vakil. The Tribunal held that the remainderman's interest qualified as assets under the Act, rejecting arguments against the exemption and emphasizing the right of the assessee to possess or own the property. en-us Tue, 01 Aug 1989 00:00:00 +0530 Mon, 29 Nov 2010 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55640 The Tribunal dismissed the appeal and affirmed the assessee's entitlement to exemptions under sections 5(1)(iv), 5(1)(xxii), and 5(1)(xxvi) of the Wealth Tax Act, 1957 for her remainderman's interest in immovable properties, shares, and bank deposits settled on trust by late Sir R. J. Vakil. The Tribunal held that the remainderman's interest qualified as assets under the Act, rejecting arguments against the exemption and emphasizing the right of the assessee to possess or own the property. Case-Laws Wealth-tax Tue, 01 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55640