Court Rules Leased Property Exempt from Wealth Tax Due to Business Use in Leasing Industry. https://www.taxtmi.com/highlights?id=4893 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 en-us Tue, 21 Aug 2012 07:48:35 +0530 Tue, 21 Aug 2012 07:48:35 +0530 TaxTMI RSS Generator Court Rules Leased Property Exempt from Wealth Tax Due to Business Use in Leasing Industry. https://www.taxtmi.com/highlights?id=4893 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 Highlights Wealth-tax Tue, 21 Aug 2012 07:48:35 +0530 https://www.taxtmi.com/highlights?id=4893