1988 (3) TMI 143

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..... F. 2. The assessee is admittedly recognised as a Hindu undivided family consisting of the Karta, his wife and daughter and his mother. In Schedule I of the Wealth-tax Act, 1957 a higher rate of tax is prescribed in the case of every joint Hindu family which has at least one member whose net wealth assessable for assessment year exceeds Rs. 1,50,000. It is not in dispute that the mother of the as .....

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..... 0,000 and not that such a member should hold any property of the HUF or have any claim on the property of the HUF. Therefore, the fact that she is living separately or that she is not making any claim on the HUF property will not be relevant for deciding the issue whether the condition prescribed for applying for higher rate of tax is fulfilled or not. In the circumstances, we see no reason to int .....

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