TMI Blog2012 (9) TMI 948X X X X Extracts X X X X X X X X Extracts X X X X ..... T(A)-Central-I, Kolkata dated 28.02.2011 for A.Yrs. 2004-05, 2005-06 and 2007-08 respectively. 2. In all the three appeals the revenue has raised the following common ground for three assessment years :- 1. That the ld. CIT(A) has erred in treating the land at Bahadurgarh (UPC), land at Bahadurgarh (Emkay) showroom at Nagpur as being used for commercial purpose whereas the assessee has b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he assessee was not using the office space having value of ₹ 28,66,913/- for its own office purpose, the same is taxable u/s 2(ea) of W.T.Act, 1957. Similarly he added an amount of ₹ 30,85,936/- on account of the same property as on 31.03.2005 to the net wealth of assessee for A.Yr. 2005-06 and an amount of ₹ 27,85,185/- as on 31.03.2007 to the net wealth of assessee for A. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... A.r it is held that the land located at Bahadurgarh (UPCL) , Bahadurgarh (Emkay) / and the showroom located at Nagpur is not a txable wealth as per provision of the Wealth Tax Act. Accordingly the addition of the value of these assets made by the A.O is deleted. The appellant will get necessary relief accordingly. 3.2. Aggrieved by this the revenue is in appeal before us. 4. At the time o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mmencing on the 1st day of April, 1993, or any subsequent assessment year, means (i) any building or land appurtenant thereto (hereinafter referred to as house ), whether used for residential or commercial purposes or for the purpose of maintaining a guest house or otherwise including a farm house situated within twenty-five kilometers from local limits of any municipality (whether known ..... X X X X Extracts X X X X X X X X Extracts X X X X
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