1987 (11) TMI 3 - SCH - Wealth-tax

Trusts - settlement is made for life-tenant and remainder men - assessment u/s21(1) can be made of interest of its donees

Summary

The Supreme Court dismissed the appeals by the Commissioner of Wealth-tax, Ahmedabad, against the judgment of the Gujarat High Court in favor of the assessee. The court found it unnecessary to consider the points raised as the judgment under appeal had been previously approved by the court in a similar case. The appeals were dismissed without any order as to costs. (Case Citation: 1987 (11) TMI 3 - SC Order)