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2009 (12) TMI 686 - ITAT AHMEDABADBuilding in the occupation of a Ruler - assessee claimed 707 acres of land to be exempt under section 5(1)(iii) of the Wealth-tax Act - Assessing Officer did not include this 426 acres of land while completing reassessment but the Commissioner of Wealth-tax (Appeals) enhanced by including the same as taxable wealth – Held that:- Area comprising of 426 acres of land is situated within the same compound and in the use of palace and not put to alternative use – said land was in the occupation of the ruler as official residence and by virtue of which accepted the entire land as exempt under section 5(1)(iii) of the Wealth-tax Act – in favor of assessee
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