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W.T.A. NO. 11/IB OF 1993-94, DECIDED ON 15TH NOVEMBER, 1995. versus W.T.A. NO. 11/IB OF 1993-94, DECIDED ON 15TH NOVEMBER, 1995.

Sections 3 and 2 (e) of the Wealth Tax Act 1963 are the property held for the purpose of charging the Wealth Tax Principles, before deciding whether the immovable property is a firm or an association of persons or a body of persons Has or has the ability to trade or leave a company for business, pursuant to a scheme provided in section 2 (e), Wealth Tax Act, 1963. The Authority had to find out whether the bodies of the persons or associations of the persons had been agreed to acquire the property for this purpose. In order to carry out any such business in any such business, the partners must have a contractual agreement between the firm's partners or members of the association of associations where Asmayi and his four daughters jointly own the house. Was acquired while three of the four daughters were minors and because they were unable to enter into any business dealings with their father in this way, it was not even known that Assassi and his minor sons obtained the house in pursuit. What was As part of the agreement to carry out the business of excluding the tax authority, it was therefore justified that the shares of Assamese's three minor sons in this house also belong to the Assissee for the purpose of calculating the value of his assets. Were. Under the Wealth Tax Act, 1963 top advocate from Manga Mandi lawyer