https://www.taxtmi.com/caselaws?id=175932 The Tribunal upheld the Commissioner's decision, ruling that the properties at Udyog Bhavan, Gandhinagar and Hazira, Surat were exempt from wealth-tax for the assessment years 1999-2000 and 2000-2001. The properties were deemed to be used for business purposes and fell under specified exemptions, in line with previous income-tax appeal decisions and relevant provisions of the Wealth Tax Act. The Tribunal referenced supporting case law and dismissed the Revenue's appeals, affirming the exemption from wealth-tax for the said properties. en-us Fri, 13 Nov 2009 00:00:00 +0530 Tue, 08 Dec 2015 18:26:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175932 The Tribunal upheld the Commissioner's decision, ruling that the properties at Udyog Bhavan, Gandhinagar and Hazira, Surat were exempt from wealth-tax for the assessment years 1999-2000 and 2000-2001. The properties were deemed to be used for business purposes and fell under specified exemptions, in line with previous income-tax appeal decisions and relevant provisions of the Wealth Tax Act. The Tribunal referenced supporting case law and dismissed the Revenue's appeals, affirming the exemption from wealth-tax for the said properties. Case-Laws Income Tax Fri, 13 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175932