https://www.taxtmi.com/caselaws?id=268306 The Tribunal dismissed the revenue's appeal, affirming the deletion of the factory shed and godown value for wealth tax purposes. It concluded that the property, used for commercial activities by the tenant, fell under exemptions in the Wealth Tax Act. The decision was based on the property's commercial nature, industrial area location, and relevant legal provisions, supporting the deletion of its value for wealth tax assessment. en-us Fri, 16 Oct 2015 00:00:00 +0530 Sat, 21 Nov 2015 09:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268306 The Tribunal dismissed the revenue's appeal, affirming the deletion of the factory shed and godown value for wealth tax purposes. It concluded that the property, used for commercial activities by the tenant, fell under exemptions in the Wealth Tax Act. The decision was based on the property's commercial nature, industrial area location, and relevant legal provisions, supporting the deletion of its value for wealth tax assessment. Case-Laws Wealth-tax Fri, 16 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268306