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2013 (10) TMI 1277 - AT - Wealth-taxBusiness premises let out - Whether assessable as assets under section 2(ea) of Wealth tax or not - Held that:- The premises were not occupied by the assessee for the purpose of business or profession . The rental income from letting out of the properties had been offered by the assessee as income from house property - Letting out of properties cannot be considered as business of the assessee - The premises could also not be considered as commercial establishment or commercial complex - These premises were not covered by exclusions provided under section 2(ea)(i) – Decided against assessee.
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