Home Case Index All Cases Wealth-tax Wealth-tax + HC Wealth-tax - 2009 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2009 (7) TMI 73 - CALCUTTA HIGH COURTValuation of assets – Exemption from wealth tax - Admittedly, the property has been used for offices, banks and garages. The assessing officer although initiated a reassessment proceeding, but held that the property-in-question has been in the nature of commercial establishment or complex. – Held that - the tribunal did not committed any substantial error of law in holding that the property in the nature of commercial establishment fell outside the definition of asset for the purpose of Wealth Tax Act – revenue appeal dismissed.
|