TMI Blog2020 (12) TMI 148X X X X Extracts X X X X X X X X Extracts X X X X ..... v), then he is entitled to claim exemption u/s.5(1)(vi), any of the plot within the limits of 500 sq.metre area. The area of the land at Kelambakkam is very well within the limit specified, therefore, the AO is directed to exempt the value of Kelambakkam land u/s.5(1)(vi) of the Wealth Tax Act - Assessee s appeal is allowed. - W. T. A. No. 134 /CHN Y/ 20 18 - - - Dated:- 23-11-2020 - SHRI DUVV ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the ld.CIT(A) dismissed the appeal. Against the order of the CIT(A), the assessee filed this appeal. 3. The case was posted for hearing through video conferencing. The ld.AR submitted that the assessee has no house property of his own and hence he has not claimed any exemption u/s.5(1)(iv). When the assessee has not claimed any exemption in respect of own residence, he is entitled for an exempt ..... X X X X Extracts X X X X X X X X Extracts X X X X
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