https://www.taxtmi.com/caselaws?id=267267 The Tribunal allowed the appeals, determining that the flat in Chennai did not qualify as an "Asset" under the Wealth Tax Act, 1957. Consequently, the wealth tax demand was deleted, and the reassessment proceedings' validity was not addressed. The order was pronounced on 11.09.2015. en-us Fri, 11 Sep 2015 00:00:00 +0530 Tue, 03 Nov 2015 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267267 The Tribunal allowed the appeals, determining that the flat in Chennai did not qualify as an "Asset" under the Wealth Tax Act, 1957. Consequently, the wealth tax demand was deleted, and the reassessment proceedings' validity was not addressed. The order was pronounced on 11.09.2015. Case-Laws Wealth-tax Fri, 11 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267267