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1998 (4) TMI 54 - HC - Wealth-tax

The High Court of Madras ruled in favor of the assessee in a case involving a partial partition of a self-acquired property within a Hindu undivided family. The court held that the mother's share in the property should be excluded from the net wealth of the assessee. The decision was based on a previous ruling related to the same family. The Tribunal's decision was upheld, and the common question of law was answered in favor of the assessee.

 

 

 

 

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