W.T.AS. NOS. 816/LB TO 818/LB OF 2001, DECIDED ON 31ST JANUARY, 2002 versus W.T.AS. NOS. 816/LB TO 818/LB OF 2001, DECIDED ON 31ST JANUARY, 2002
Section 17B of the Wealth Tax Act 1963 and Sec Schedule, CL (7) (i), (ii) External remittances from the powers of the Assistant Commissioner inspecting the order of the Wealth Tax Officer for the property property / house husband Received into account. The waiver of this property / house purchased in the name of the wife / property was claimed on the claim that it was purchased from overseas remittances, which were examined by the Assistant Commissioner, who was inspected by the Assessment Officer, in this account. Was canceled. It was stated that the foreign remittances received were not in the name of the husband, but in the name of her husband, therefore it is a mistake and prejudice which interests the interests and the husband and wife are free to evaluate the law. And each of them is evaluated as such. One cannot be said to be entitled to two basic exemptions in terms of one million or residential houses. The only person who can be allowed to benefit from another foreign remittance is the household name in the name of the husband. (7) (i) and (7) (II) were entitled to the benefits and no other wife, son, real brother or parent could do so in terms of the total schedule (7) of the Second Schedule to the Wealth Tax Act, 1963 Benefits of remittances are not allowed unless they are in the name of the Assistant Commissioner, who is inspected under Section 17B of the Income Tax. The Act, 1963, was within its legal jurisdiction, and the exemption allowance was a mistake, and therefore, the interest of the taxpayer was prejudiced, but the appeal was dismissed by the tribunal without qualification.
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