Supreme Court · 1996 INSC 481 · Decided 3 April 1996
Commissioner of Wealth Tax, Lucknow v. Raja Vishwanath Pratap Singh
- Court
- Supreme Court of India
- Citation
- 1996 INSC 481 · [1996] 3 S.C.R. 1150
- Case number
- CIVIL APPEAL No. 1364/1974
- Decided
- 3 April 1996
- Bench
- J.S. VERMA, S.C. SEN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
OF WEALTH TAX, LUCKNOW v. RA.TA VISHWANATH PRATAP SINGH APRIL 3, 1996 . IJ.S. VERMA AND SUHAS C. SEN JJ.] Wealth Tax Act 1957-Sections 2(111) and I-Net wea/t/,,-Deduc­ tio11s-Debts owed-Personal liability-Application for liquidation of debts by assessee's father-On his death, estate an1ount held in Govenunent seciuities opposed by assessee as the amount was not pa1t of estate of his fathei-Proceedings under Section 17 of Wealth Tax Act-Amount held in Govemment securities is 11et wealth of the D assessee and there can not be any deduction of a11y decretal dues since
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