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of <h1>Appeal allowed by ITAT Cochin, directing WTO to consider exemption claim under s. 5(1)(xxxiii)</h1> <h3>MM SEHGAL. Versus WEALTH TAX OFFICER.</h3> MM SEHGAL. Versus WEALTH TAX OFFICER. - TTJ 013, 306, The Appellate Tribunal ITAT Cochin allowed the appeal by the assessee against the order of the AAC, Ernakulam for the assessment year 1977-78. The assessee claimed exemption of Rs. 2,44,117 under s. 5(1)(xxxiv), which was denied by the WTO and AAC. The assessee then made an alternative claim for exemption under s. 5(1)(xxxiii), citing Indian origin and intention to permanently reside in India. The Tribunal directed the WTO to consider the claim under s. 5(1)(xxxiii) based on a similar decision for the assessment year 1978-79. The assessment was set aside, and the appeal was treated as allowed.
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