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Wealth-tax - Highlights / Catch Notes

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Exigibility of 'Urban Land' to wealth tax - submission was that ...

Case Laws     Wealth-tax

January 24, 2016

Exigibility of 'Urban Land' to wealth tax - submission was that the moment construction starts the urban land is put to 'productive use' and that entitles the land from exemption of wealth-tax. This argument of giving so called purposive interpretation has to be rejected - SC

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