https://www.taxtmi.com/caselaws?id=60156 A purchaser of a 1/4th share in an intestate estate could not invoke section 19A of the Wealth-tax Act, 1957 to exclude that interest from net wealth. Because the deceased died intestate, the heirs took specific and ascertainable shares on succession, and there was no estate administered by an executor or court-appointed administrator. The assessee acquired the share by registered assignment for consideration from an heir, not as a legatee, so the exclusion for assets distributed to or applied for a specific legatee did not apply. Separate assessment of the estate did not prevent inclusion of the acquired share in the assessee's own wealth, and the plea of rate-only taxation failed. en-us Thu, 19 Apr 1979 00:00:00 +0530 Tue, 04 Jan 2011 10:37:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60156 A purchaser of a 1/4th share in an intestate estate could not invoke section 19A of the Wealth-tax Act, 1957 to exclude that interest from net wealth. Because the deceased died intestate, the heirs took specific and ascertainable shares on succession, and there was no estate administered by an executor or court-appointed administrator. The assessee acquired the share by registered assignment for consideration from an heir, not as a legatee, so the exclusion for assets distributed to or applied for a specific legatee did not apply. Separate assessment of the estate did not prevent inclusion of the acquired share in the assessee's own wealth, and the plea of rate-only taxation failed. Case-Laws Wealth-tax Thu, 19 Apr 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60156