https://www.taxtmi.com/caselaws?id=214187 The court dismissed the Revenue's appeals, affirming that the income from the kalyana mandapam is property income and not business income. The court upheld the assessee's eligibility for exemption under section 5(1)(i) of the Wealth-tax Act, consistent with previous decisions and the consistent treatment of the income in past assessments. The court found no grounds to refer the matter to a Full Bench or to remand it back to the Assessing Officer. en-us Tue, 28 Jun 2011 00:00:00 +0530 Thu, 16 Jul 2015 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214187 The court dismissed the Revenue's appeals, affirming that the income from the kalyana mandapam is property income and not business income. The court upheld the assessee's eligibility for exemption under section 5(1)(i) of the Wealth-tax Act, consistent with previous decisions and the consistent treatment of the income in past assessments. The court found no grounds to refer the matter to a Full Bench or to remand it back to the Assessing Officer. Case-Laws Wealth-tax Tue, 28 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214187