1998 (3) TMI 110 - HC - Wealth-tax

Summary

The High Court of Andhra Pradesh held that the amount of Rs. 1,20,000 paid by the assessee to his wife as Mehr cannot be included in his net wealth under section 4(1)(a) of the Wealth-tax Act as it was a consideration for marriage and not transferred in connection with an agreement. The Court ruled in favor of the assessee, stating that the amount should not be included in his wealth.