1995 (4) TMI 26

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.... " (1) Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was justified in holding that the deduction under section 5(1)(iva) of the Wealth-tax Act, 1957, is to be allowed in full in the hands of the assessee ? (2) Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was ustified in holding that the deduction under section 5(1)(iva....

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....s alone should have the benefit of the exemption under section 5(1)(iv), when their individual assessments are taken up to the extent of their respective shares in the net wealth of the partnership firm ; (4) The mere fact that a partner cannot claim to be entitled to any portion of the property owned by a firm as exclusively belonging to him will not completely disentitle him from seeking the ....