https://www.taxtmi.com/caselaws?id=7016 Strict construction of Wealth-tax Act exemptions governed the treatment of agricultural buildings, implements, debts and appellate enhancement. Staff quarters occupied by employees and labourers were not the company's own dwelling-house for section 2(e)(ii), so the exemption was denied. Electrical machinery used to supply energy for both agricultural and non-agricultural operations was not treated as exempt tools or implements under section 5(1)(ix), and no apportionment was accepted. An unassessed taxation liability existing on the valuation date was deductible as a debt owed under section 2(m), while the Tribunal could not entertain a revenue enhancement request beyond the subject-matter of the appeal. en-us Mon, 24 Jul 1967 00:00:00 +0530 Sat, 07 Feb 2009 19:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7016 Strict construction of Wealth-tax Act exemptions governed the treatment of agricultural buildings, implements, debts and appellate enhancement. Staff quarters occupied by employees and labourers were not the company's own dwelling-house for section 2(e)(ii), so the exemption was denied. Electrical machinery used to supply energy for both agricultural and non-agricultural operations was not treated as exempt tools or implements under section 5(1)(ix), and no apportionment was accepted. An unassessed taxation liability existing on the valuation date was deductible as a debt owed under section 2(m), while the Tribunal could not entertain a revenue enhancement request beyond the subject-matter of the appeal. Case-Laws Wealth-tax Mon, 24 Jul 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7016