1978 (1) TMI 91 - AT - Wealth-tax

Summary

The Appellate Tribunal ITAT GAUHATI ruled in favor of the assessee in appeals against the AAC's order for the asst. yrs. 1970-71, 1971-72, and 1972-73. The assessments on the HUF were deemed illegal and void as properties held by heirs under Dayabhaga School of Hindu law are not assessable to wealth-tax jointly. The appeals were allowed. (Case citation: 1978 (1) TMI 91 - ITAT GAUHATI)