https://www.taxtmi.com/caselaws?id=57635 The Tribunal affirmed that the beneficiaries' interest in the trust income qualifies as an asset under section 2(e) of the Wealth-tax Act and that they are eligible for the exemption under section 5(1)(xxiii) for shares in Indian companies held by the trust. The appeals by the revenue were dismissed, upholding the beneficiaries' right to the exemption. en-us Sat, 24 Mar 1984 00:00:00 +0530 Sat, 11 Dec 2010 12:19:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57635 The Tribunal affirmed that the beneficiaries' interest in the trust income qualifies as an asset under section 2(e) of the Wealth-tax Act and that they are eligible for the exemption under section 5(1)(xxiii) for shares in Indian companies held by the trust. The appeals by the revenue were dismissed, upholding the beneficiaries' right to the exemption. Case-Laws Wealth-tax Sat, 24 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57635