https://www.taxtmi.com/caselaws?id=326481 A residential property let out for more than three hundred days in the relevant previous year remained eligible for exemption under section 2(ea)(i)(4) of the Wealth Tax Act, 1957, because the lease deed established the letting date and the TDS certificate date was not determinative. The property did not lose its residential character merely because the tenant used it for commercial purposes, and on those facts the alternative exemption under section 2(ea)(i)(5) was also available. The analysis treats the lease terms and actual letting arrangement as controlling for exemption eligibility under the wealth tax provisions. en-us Wed, 03 Feb 2016 00:00:00 +0530 Sat, 16 Apr 2016 10:41:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326481 A residential property let out for more than three hundred days in the relevant previous year remained eligible for exemption under section 2(ea)(i)(4) of the Wealth Tax Act, 1957, because the lease deed established the letting date and the TDS certificate date was not determinative. The property did not lose its residential character merely because the tenant used it for commercial purposes, and on those facts the alternative exemption under section 2(ea)(i)(5) was also available. The analysis treats the lease terms and actual letting arrangement as controlling for exemption eligibility under the wealth tax provisions. Case-Laws Wealth-tax Wed, 03 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326481