Palace annual value exemption: reassess tax and wealth-tax claims for former rulers' let palaces and take corrective action. Section 10(19A) limits the income-tax exemption to the annual value of one palace occupied by a Ruler only if that palace's annual value had been exempt before the Constitution (Twenty-sixth Amendment) Act, 1971; a corresponding restriction applies under the Wealth Tax provisions. The Board instructs Income-tax officers to examine cases from the 1971-72 assessment year onwards where such palaces were let and exemptions claimed, and to take rectificatory action where exemptions were improperly allowed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Palace annual value exemption: reassess tax and wealth-tax claims for former rulers' let palaces and take corrective action.
Section 10(19A) limits the income-tax exemption to the annual value of one palace occupied by a Ruler only if that palace's annual value had been exempt before the Constitution (Twenty-sixth Amendment) Act, 1971; a corresponding restriction applies under the Wealth Tax provisions. The Board instructs Income-tax officers to examine cases from the 1971-72 assessment year onwards where such palaces were let and exemptions claimed, and to take rectificatory action where exemptions were improperly allowed.
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