https://www.taxtmi.com/forum/issue?id=1915 A unit within a commercial complex is exempt from wealth tax as not being a taxable asset, regardless of actual use; classification between residential and commercial depends on the unit's nature. Determination turns on use on the valuation date, which may be by owner or tenant, and the claimant must prove the factual position on that date with clear and convincing evidence to qualify for exemption. en-us Tue, 04 May 2010 12:50:10 +0530 Thu, 23 Jan 2025 15:58:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1915 A unit within a commercial complex is exempt from wealth tax as not being a taxable asset, regardless of actual use; classification between residential and commercial depends on the unit's nature. Determination turns on use on the valuation date, which may be by owner or tenant, and the claimant must prove the factual position on that date with clear and convincing evidence to qualify for exemption. Discussion-Forum Indian Laws Tue, 04 May 2010 12:50:10 +0530 https://www.taxtmi.com/forum/issue?id=1915