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of <h1>ITAT upholds AAC's exemption decision for office premises under WT Act</h1> <h3>WEALTH TAX OFFICER (FOURTH). Versus IV. MEHBUBANI.</h3> WEALTH TAX OFFICER (FOURTH). Versus IV. MEHBUBANI. - TTJ 018, 528, The ITAT Bombay-B upheld the AAC's decision to grant exemption under section 5(1)(iv) of the WT Act for office premises at Dalamal Chambers valued at Rs. 80,750, based on a CBDT circular. The appeal by the revenue was dismissed. (Case: 1984 (1) TMI 93 - ITAT BOMBAY-B)
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