Supreme Court · 1985 INSC 225 · Decided 8 October 1985
Commissioner of Wealth Tax, Punjab, J & K, Chandigarh, Patiala v. Yuvraj Amrinder Singh Etc
- Court
- Supreme Court of India
- Citation
- 1985 INSC 225 · [1985] SUPP. 3 S.C.R. 565
- Case number
- CIVIL APPEAL No. 797/1974
- Decided
- 8 October 1985
- Bench
- V.D. TULZAPURKAR, SABYASACHI MUKHERJI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
IAX, PUNJAB, J & K, CHANDIGARH, PATIAIA v. YUVRAJ AMRINDER SINGH ETC, OCTOBER 8, 1985 [V;D. TULZAPURKAR AND SABYASACHI MUKHARJI, JJ,] 565 Wealth Tax Act, 1957, ss. 5 (1) (vi) and 2 (e) (iv) - "Any policy of insurance" - Interpretation of - Computable annuities dependent on human - Proviso - Effect of. The two assessees are individually assessed to wealth tax under the Wealth Tax Act, 1957, They had purchased one annuity policy each, and claimed exemption of the value thereof under s. 5 (1) (vi) of the Act, alleging that the annuity policies fell within the expression
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