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2015 (8) TMI 483 - AT - Wealth-taxEnhancement in value of net wealth - Denial of exemption claim - AO denied the exemption claimed on the ground that these are single immovable properties and do not quality as commercial establishment - CWT(A) allowed exemption claim - Held that:- in absence of any contrary material brought to our notice by the Ld. Departmental Representative against the order of the Tribunal [2015 (8) TMI 186 - ITAT PUNE], we find no infirmity in the order of the CWT(A) treating the 2 properties as commercial properties. The said properties in our opinion, are not assets as per the provisions of section 2(ea)(i)(5) of the W.T. Act. Accordingly, the order of the CWT(A) is upheld - Decided against Revenue.
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