https://www.taxtmi.com/caselaws?id=327588 The Tribunal upheld the CWT(A)'s decisions, ruling in favor of the Assessee for assessment years 2004-05 & 2005-06 under the Wealth Tax Act. The Delhi rented property was excluded from wealth tax assessment as it was rented, not owned by the Assessee, and used for residential and business purposes. Consequently, relief was allowed for the Baroda property under section 5(vi) of the Act. The Tribunal dismissed the Revenue's appeals, affirming the CWT(A)'s findings on both properties on April 29, 2016. en-us Fri, 29 Apr 2016 00:00:00 +0530 Fri, 13 May 2016 09:06:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327588 The Tribunal upheld the CWT(A)'s decisions, ruling in favor of the Assessee for assessment years 2004-05 & 2005-06 under the Wealth Tax Act. The Delhi rented property was excluded from wealth tax assessment as it was rented, not owned by the Assessee, and used for residential and business purposes. Consequently, relief was allowed for the Baroda property under section 5(vi) of the Act. The Tribunal dismissed the Revenue's appeals, affirming the CWT(A)'s findings on both properties on April 29, 2016. Case-Laws Wealth-tax Fri, 29 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327588