1988 (3) TMI 143

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.... the adoption of the status of the assessee as specified HUF. 2. The assessee is admittedly recognised as a Hindu undivided family consisting of the Karta, his wife and daughter and his mother. In Schedule I of the Wealth-tax Act, 1957 a higher rate of tax is prescribed in the case of every joint Hindu family which has at least one member whose net wealth assessable for assessment year exceeds ....