1999 (9) TMI 38

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....A BABU J.---It was contended for the respondent that the reopening of the wealth-tax assessment was unwarranted as the declaration filed along with the original return to the effect that no member of the Hindu undivided family had wealth of Rs. 1,00,000, was based upon the assessee's declaration in terms of the mandate contained in the Act. We do not find any substance in such a contention. As ....

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....19, 1995. That case was one which arose under the Income-tax Act. This court held that the karta of the smaller-Hindu undivided family is also a member of the larger-Hindu undivided family and has a share therein. The court further held that whatever be the capacity in which the member of the Hindu undivided family has the income, if that income exceeds the amount specified in the Finance Act, the....