Cwt Vs. Venkatesh NaraIn Gupta

counsels: a.n. mahajan, for the assessee. head note: income tax wealth tax exemption under section 5(1)(iv)--house or part of houseassessee, a member of an aopassessee had claimed 1/6th share in a house property owned by his aop. the wto while framing assessment disallowed the claim of the assessee under section 5(1)(iv). the aac, however, held that the claim was admissible to each co-owner. the revenue s appeal before the tribunal failed. held : the tribunal was correct in holding that the claim of the exemption under section 5(1)(iv) was allowable to the assessee as member of the association of persons with determinate share.' wealth tax act, 1957 s.5(1)(iv) in the allahabad high court r.k. agrawal & prakash krishna, jj. - indian penal code, 1860 [c.a. no. 45/1860]. section 302; [m.c. jain, r.c. deepak & k.k. misra, jj] murder plea as to accused being minor school register and transfer certificate not proved before court according to law held, it has to be ignored and question of age is to be determined on other evidence and circumstances surfacing on record. age determined on the basis of x-ray plates and report prepared by c.m.o., is the correct age of accused. accused was declared to be child on the date of commission of offence of murder. however, considering fact that now accused was around 41 years, he cannot be sent to approved school. accused was directed to pay fine of rs.25,000/- under section 302 i.p.c., amount of fine was directed to be paid as compensation to wife of deceased. mohammad - the revenue's appeal before the tribunal has failed.order1. the income tax appellate tribunal, allahabad has referred the following question of law under section 27(1) of the wealth tax act, 1957, hereinafter referred to as the act:'whether, on the facts and in the circumstances of the case the income tax appellate tribunal was correct in holding that the claim of the exemption under section 5(1)(iv) of the wealth tax act for the assessment year 1980-81 is allowable to the assessee as member of the association of persons with determinate share ?'2. briefly stated the facts giving rise to the present reference are as follows:the present reference relates to the assessment year 1980-81. the respondent had shown in the return the value of his 1/6th share in the house property bearing no. 24/23 birhana road, kanpur owned by the a.o.p. m/s. jagat narain rang nath. the wealth tax officer while framing the assessment disallowed the claim of the respondent under section 5(1)(iv) of the act. the appellate assistant commissioner, however, held that the claim is admissible to each co-owner. the revenue's appeal before the tribunal has failed.3. we have heard sri a.n. mahajan, learned standing counsel for the revenue. nobody has appeared for the respondent.4. under section 5(1)(iv) of the act exemption was available to the assessee in respect of one house or part of the house belonging to the assessee as the respondent had 1/6th share in the house property which belonged to a.o.p. and a.o.p. not being a legal entity, it would be deemed when the assessee was owning the house in question. in this view of the matter the exemption was available to the assessee.5. in view of the foregoing discussion, we answer the question referred to us in the affirmative, i.e., in favour of the assessee and against the revenue. however, there shall be no order as to costs.