Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2003 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2003 (11) TMI 67 - HC - Income Tax"Whether, on the facts and in the circumstances of the case, the Appellate Tribunal is right in law in holding that property let out by the assessee was not an asset exigible to wealth-tax within the meaning of section 40(3) (vi) of the Finance Act, 1983?" – The question is answered in the negative, in favour of the Revenue and against the assessee. - "Whether the Tribunal was right in law in holding that the building Asoka Plaza is not to be treated as 'plant' of the applicant's business of real estate developing and managing office and commercial complexes duly authorised by the applicant's memorandum of association of the company but is to be treated as 'building' chargeable to wealth-tax in the hands of the applicant under the provisions of section 40 of the Finance Act, 1983?" - The question is answered in the affirmative, against the assessee and in favour of the Revenue.
|