https://www.taxtmi.com/caselaws?id=326436 The tribunal ruled in favor of the assessee, holding that the warehouse at Kandla Port qualified as a commercial establishment exempt from wealth tax under section 2(ea)(i)(5) of the Wealth Tax Act, 1957. The tribunal considered the business activities conducted at the warehouse, the treatment of rental income as business income in income tax proceedings, and relevant legal interpretations to support its decision to delete the addition made by the Assessing Officer regarding the warehouse's inclusion in wealth tax assessment. en-us Fri, 04 Mar 2016 00:00:00 +0530 Wed, 16 Mar 2016 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326436 The tribunal ruled in favor of the assessee, holding that the warehouse at Kandla Port qualified as a commercial establishment exempt from wealth tax under section 2(ea)(i)(5) of the Wealth Tax Act, 1957. The tribunal considered the business activities conducted at the warehouse, the treatment of rental income as business income in income tax proceedings, and relevant legal interpretations to support its decision to delete the addition made by the Assessing Officer regarding the warehouse's inclusion in wealth tax assessment. Case-Laws Wealth-tax Fri, 04 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326436