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2019 (5) TMI 442 - HC - Wealth-taxTransit House as assessable under Wealth Tax - whether 'Transit House' fell within the definition of 'Assets', as defined in Section 2 (ea) of the Wealth Tax Act,1957, and was assessable to Wealth Tax or not ? - HELD THAT:- Issue decided in favour of the Assessee by a Coordinate Bench of this Court under the Income Tax Act and also under the Wealth Tax Act. Under the Income Tax Act in Commissioner of Income Tax v. Carborandum Universal Ltd. (present Assessee) [1997 (10) TMI 11 - MADRAS HIGH COURT] and under the Wealth Tax Act in Carborandum Universal Ltd. v. Deputy Commissioner of Income Tax, [2012 (7) TMI 775 - MADRAS HIGH COURT] two different Coordinate Benches of this Court have decided the said issue in favour of the Assessee.
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