https://www.taxtmi.com/caselaws?id=56042 The Appellate Tribunal ITAT Ahmedabad-C held that the cash gift amount given by the assessee to his wife for property construction was rightly included in the assessee's wealth by the Wealth Tax Officer. The Tribunal concluded that the exemption claimed under section 5(1)(iv) of the Wealth-tax Act was not admissible. Consequently, the Tribunal reversed the decision of the AAC and upheld the assessment made by the WTO for both years, ruling in favor of the revenue. en-us Fri, 18 Feb 1983 00:00:00 +0530 Wed, 01 Dec 2010 12:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56042 The Appellate Tribunal ITAT Ahmedabad-C held that the cash gift amount given by the assessee to his wife for property construction was rightly included in the assessee's wealth by the Wealth Tax Officer. The Tribunal concluded that the exemption claimed under section 5(1)(iv) of the Wealth-tax Act was not admissible. Consequently, the Tribunal reversed the decision of the AAC and upheld the assessment made by the WTO for both years, ruling in favor of the revenue. Case-Laws Wealth-tax Fri, 18 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56042