1988 (3) TMI 143

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....ssessee 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 Rs. 1,50,000. It is not in dispute tha....