https://www.taxtmi.com/caselaws?id=7880 Exemption from wealth-tax was available only where the taxing statute itself granted it, and merger assurances or allied privileges could not override that scheme. The assessee's reliance on the merger agreement and assurance letter failed because those instruments were not law in force for assessment purposes. Under section 5(1)(iii), the ruler's exemption extended only to one building declared as the official residence under the Merged States (Taxation Concessions) Order, 1949, and that benefit had already been allowed for Ramnagar Palace. Articles 291 and 362 did not support a further exemption for Nandeswar House, which remained includible in net wealth. en-us Mon, 13 Jul 1970 00:00:00 +0530 Mon, 23 Mar 2009 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7880 Exemption from wealth-tax was available only where the taxing statute itself granted it, and merger assurances or allied privileges could not override that scheme. The assessee's reliance on the merger agreement and assurance letter failed because those instruments were not law in force for assessment purposes. Under section 5(1)(iii), the ruler's exemption extended only to one building declared as the official residence under the Merged States (Taxation Concessions) Order, 1949, and that benefit had already been allowed for Ramnagar Palace. Articles 291 and 362 did not support a further exemption for Nandeswar House, which remained includible in net wealth. Case-Laws Wealth-tax Mon, 13 Jul 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7880