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Wealth-tax - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Assessee has leased out the property to the lessee for running ...

Wealth-tax

April 2, 2015

Assessee has leased out the property to the lessee for running banking business, which is not the business activity of the assessee - assessee does not fall within the exclusionary clause mentioned in section 40(3)(vi) of the Finance Act, 1983 - Chargeable to wealth tax - HC

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