1970 (9) TMI 1 - HC - Wealth-tax

Status of the assessee - father settled part of the family property on first wife s son - status of the son would be that of Hindu Undivided Family

Summary

The judgment pertains to a Wealth-tax Act reference involving Vijai Kumar's status as an assessee. The court held that Vijai Kumar's status was that of a Hindu undivided family, not an individual, based on the family composition and property received. The court's decision was influenced by a similar Supreme Court case, Narendranath v. Commissioner of Wealth-tax. The Commissioner of Wealth-tax, Lucknow, was ordered to pay the assessee Rs. 100 as costs. (Case citation: 1970 (9) TMI 1 - ALLAHABAD High Court)