https://www.taxtmi.com/highlights?id=3339 Wealth tax - the commercial asset used by the assessee substantially and partly given on lease are not business assets and thus includible into the 'net wealth' u/s 2(ea) - Since the assessee in the instant case has let out a part of its business premises and since the assessee is not in the business of letting out properties, therefore, the said property, in our opinion, is not exempt either u/s. 2(ea)(i)(3) or 2(ea)(i)(5) of the Wealth Tax Act - - AT en-us Mon, 09 Apr 2012 09:30:57 +0530 Mon, 09 Apr 2012 09:30:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=3339 Wealth tax - the commercial asset used by the assessee substantially and partly given on lease are not business assets and thus includible into the 'net wealth' u/s 2(ea) - Since the assessee in the instant case has let out a part of its business premises and since the assessee is not in the business of letting out properties, therefore, the said property, in our opinion, is not exempt either u/s. 2(ea)(i)(3) or 2(ea)(i)(5) of the Wealth Tax Act - - AT Highlights Wealth-tax Mon, 09 Apr 2012 09:30:57 +0530 https://www.taxtmi.com/highlights?id=3339