Reassessment under s.148A held valid; s.69 additions totaling Rs.7,00,000 deleted after acceptable contemporaneous explanations for property investmen...
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Whether property leased out is not assessable to wealth-tax -...
Court Rules Leased Property Exempt from Wealth Tax Due to Business Use in Leasing Industry.
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Wealth-tax August 21, 2012Case LawsHC
Whether property leased out is not assessable to wealth-tax - certainly the assessee is entitled to the exemption, because the same is used in leasing business - HC
Whether property leased out is not assessable to wealth-tax - certainly the assessee is entitled to the exemption, because the same is used in leasing business - HC
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