https://www.taxtmi.com/caselaws?id=59196 The tribunal partially allowed the revenue's appeal, holding that the wife could only claim a deduction of Rs. 44,890 under section 5(1)(iv) of the Wealth-tax Act for the gift received from her husband, as the husband had already included the gift amount in his wealth-tax assessment. The tribunal emphasized the inclusion of the value of the residential house in the husband's wealth under section 4(1)(a)(i), leading to the restoration of excess relief granted by the AAC. The tribunal clarified that the husband's relief issue required a separate remedy. en-us Fri, 09 Jan 1987 00:00:00 +0530 Sat, 25 Dec 2010 14:51:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59196 The tribunal partially allowed the revenue's appeal, holding that the wife could only claim a deduction of Rs. 44,890 under section 5(1)(iv) of the Wealth-tax Act for the gift received from her husband, as the husband had already included the gift amount in his wealth-tax assessment. The tribunal emphasized the inclusion of the value of the residential house in the husband's wealth under section 4(1)(a)(i), leading to the restoration of excess relief granted by the AAC. The tribunal clarified that the husband's relief issue required a separate remedy. Case-Laws Wealth-tax Fri, 09 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59196