Supreme Court · 1969 INSC 192 · Decided 20 August 1969
Ahmed G. H. Ariff & ORS. v. Commissioner of Wealth Tax, Calcutta
- Court
- Supreme Court of India
- Citation
- 1969 INSC 192 · [1970] 2 S.C.R. 19
- Case number
- CIVIL APPEAL No. 2129/1968
- Decided
- 20 August 1969
- Bench
- J.C. SHAH, V. RAMASWAMI, A.N. GROVER (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Wealth Tax Act (27 of 1957), ss. 2(e), (m) and 7(1)-Right to receive share from wakf-alal-aulad-Whether asset assessable to wealth tax-"lf sold in open market" meaning of. A hanafi Muslim created a wakf-alal-aulad and appointed himself as the sole Mutwalli and provided that after his act as Mutawallis jointly. The wakf was for the benefit of the settler's wife, children and their descendants, and they were each to be paid a specified share of the net monthly income of the property. The ultimate benefit in the case of complete intestacy of the descendants of the settler was
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