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2002 (11) TMI 55 - MADRAS HIGH COURTScope and interpretation of rule 5 of Schedule III to the Wealth-tax Act, 1957 - "1. Whether, Tribunal was right in law in holding that the fair rent determined by the Small Causes Court vide order dated January 28, 1988, should not be taken as the basis for computation of gross maintainable rent? - 2. Whether, Tribunal was right in law in holding that the assessee's right to receive rent as fixed by the Small Causes Court crystallised only when the SLP filed by the tenant was dismissed by the apex court? - 3. Whether, Tribunal was right in law in holding that the assessee was entitled to exemption under section 5(1)(iv) of the Wealth-tax Act in respect of the godown owned by her?" - Questions Nos. 1 and 2: Answered in the negative, against the assessee and in favour of the Revenue. - Question No. 3: Answered in the affirmative, against the Revenue and in favour of the assessee.
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