Ahmed G.H. Ariff & Ors. vs Commissioner Of Wealth Tax

Authority: Supreme Court Date: 1969-08-20 AY: 1957-58, 1958-59 Section: WT2(e), WT7 Acts: Wealth Tax Act, 1957; Mussalman Wakf Validating Act, 1913; Transfer of Property Act; Code of Civil Procedure; Constitution of India Result: Revenue Citation: (1970) 76 ITR 471 (SC) Justices: J.C. Shah, Actg, C.J.; V. Ramaswami & A.N. Grover, JJ. Appeal No: Civil AppealNos. 2129 to 2132 of 1968
Whether the right of an assessee to receive a specified share of the net income from a wakf-alal-aulad estate is an asset assessable to wealth-tax --- Held Yes.

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