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COMMISSIONER OF WEALTH TAX versus AMIRTHAMMAL


Transfer of Assets Reviewed 11 11 1959, implemented by the Assisi, created a life interest in relation to some agricultural land. The interest in the wife's favor and the residual review are considered to remain separate in favor of the son's son, in accordance with the contract dated 27 2 1972, dated 12 11 1959, as the separation. Volume 12 11 In 1959, the rights in the property transferred to the property on 27 2 1972, on the agreement which led to no interest in the favor of the assessee. Any transfer of interest to remain individually or indirectly for the purpose of consideration is to estimate the value of life interest in the net wealth of the Indian Wealth Tax Act, 1957, section 4 (1) (a) (i) and schedule. III, R 17

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