https://www.taxtmi.com/caselaws?id=67436 A revisional order under section 25(2) of the Wealth-tax Act was upheld where the assessment record showed no real enquiry or application of mind on the exemption claim, making the original assessment erroneous and prejudicial to the Revenue. The exemption under section 5(1)(iii) was confined to one official residence of a ruler, as declared by the Central Government, together with only the land appurtenant to it required for reasonable use and enjoyment; it did not extend to the entire surrounding tract merely because it lay within the compound or was treated administratively as part of the property. On both issues, the assessee failed and the revisional directions were sustained. en-us Tue, 27 Sep 1983 00:00:00 +0530 Thu, 10 Mar 2011 16:05:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67436 A revisional order under section 25(2) of the Wealth-tax Act was upheld where the assessment record showed no real enquiry or application of mind on the exemption claim, making the original assessment erroneous and prejudicial to the Revenue. The exemption under section 5(1)(iii) was confined to one official residence of a ruler, as declared by the Central Government, together with only the land appurtenant to it required for reasonable use and enjoyment; it did not extend to the entire surrounding tract merely because it lay within the compound or was treated administratively as part of the property. On both issues, the assessee failed and the revisional directions were sustained. Case-Laws Wealth-tax Tue, 27 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67436