1978 (5) TMI 49

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....mmon, it is convenient to dispose of the same by a common order. 2. The sole controversy in these appeals is regarding the rate of wealth-tax applicable to the wealth of the assessee Hindu undivided family. The WTO applied higher rates of tax in accordance with item (1A) of paragraph `A' of the Schedule to the WT Act. On appeal, the AAC directed the WTO to apply the normal rates. 3. The fact....

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....(1A) In the case of any Hindu undivided family which has at least one member whose net wealth assessable for the asst. yr. exceeds Rs. 1 lac." In the present case both the members of the bigger Hindu undivided family of Jabba Lal have formed their own smaller Hindu undivided families who have been assessed separately to wealth tax. In our opinion the word "Member" in cl. (1A) extracted above re....