https://www.taxtmi.com/caselaws?id=71027 The majority opinion held that the godowns let out by the assessee were used for its business and therefore not considered as assets under section 40(3)(vi) of the Finance Act, 1983. As a result, the assessee was found not liable for wealth-tax on the value of the godowns. The appeals of the assessee were allowed, and the matter was disposed of accordingly. en-us Fri, 02 May 1997 00:00:00 +0530 Fri, 21 Jun 2013 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71027 The majority opinion held that the godowns let out by the assessee were used for its business and therefore not considered as assets under section 40(3)(vi) of the Finance Act, 1983. As a result, the assessee was found not liable for wealth-tax on the value of the godowns. The appeals of the assessee were allowed, and the matter was disposed of accordingly. Case-Laws Wealth-tax Fri, 02 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71027