https://www.taxtmi.com/caselaws?id=58472 The tribunal upheld the AAC's decision, ruling that exemptions under sections 5(1)(iv) and 5(1)(iva) of the Wealth Tax Act, 1957 should be separately allowed to both spouses in a communion under the Portuguese Civil Code. The tribunal emphasized the need for individual assessment to ensure full compliance with the law, rejecting the department's argument to assess married couples jointly as a Body of Individuals. en-us Fri, 14 Jan 1983 00:00:00 +0530 Mon, 20 Dec 2010 11:47:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58472 The tribunal upheld the AAC's decision, ruling that exemptions under sections 5(1)(iv) and 5(1)(iva) of the Wealth Tax Act, 1957 should be separately allowed to both spouses in a communion under the Portuguese Civil Code. The tribunal emphasized the need for individual assessment to ensure full compliance with the law, rejecting the department's argument to assess married couples jointly as a Body of Individuals. Case-Laws Wealth-tax Fri, 14 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58472