Supreme Court · 1977 INSC 138 · Decided 3 May 1977
Commissioner of Wealth Tax, Andhra Pradesh, Hyderabad v. Trustees of H.E.H. Nizams Family (Remainder Wealth Trust), Hyderabad
- Court
- Supreme Court of India
- Citation
- 1977 INSC 138 · [1977] 3 S.C.R. 735
- Case number
- CIVIL APPEAL No. 467/1971
- Decided
- 3 May 1977
- Bench
- P.N. BHAGWATI, N.L. UNTWALIA, S. MURTAZA FAZAL ALI (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Wealth Tax Act 1957-Ss. 3, 21(1) and 21(4)-Scope of. Section 21(1) of the Wealth Tax Act provides that in case of assets charge­ able to tax under the Act which are held by . . . . . . . . any trustee appointed under a Trust, wealth tax shall be levied upon ........ trustee in the like manner and to the same extent as it would be leviable upon and recoverable from the person on whose behalf the assets are held. Sub-section ( 4) provides that notwithstanding anything contained in this section, where the shares of the persons on whose behalf or for
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