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Wealth-tax - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Treatment to the Royal Buggy as ‘work of art’ and exempted u/s ...


Royal Buggy Exempt as 'Work of Art' Under Wealth Tax Act, Tribunal Erred with Outdated Judgment.

October 24, 2018

Case Laws     Wealth-tax     HC

Treatment to the Royal Buggy as ‘work of art’ and exempted u/s 5(i)(xii) of the Wealth Tax Act, 1957 - ITAT committed an error for applying an old Judgement which was prior to the amendment for the subsequent period.

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