2000 (2) TMI 47 - HC - Wealth-tax

Summary

The Bombay High Court ruled that the value of office premises at Maker Chambers III was not includible in the net wealth of the assessee for wealth-tax purposes. The Tribunal found the office premises to be a business asset, even though it was leased out. The Court upheld the Tribunal's decision, stating that no interference was called for. Appeal dismissed.