https://www.taxtmi.com/caselaws?id=11784 The High Court of Madras remanded the case back to the Tribunal for a fresh assessment, emphasizing the importance of considering lease terms, period, and other relevant factors in determining whether the property let out by the assessee qualified for exemption under section 40(3)(vi) of the Finance Act, 1983. The Court highlighted the necessity of a detailed factual analysis and urged parties to provide additional evidence if required. The judgment emphasized the need for a comprehensive review in line with legal precedents to ensure a fair and accurate wealth tax assessment. en-us Wed, 20 Nov 2002 00:00:00 +0530 Mon, 08 Feb 2010 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11784 The High Court of Madras remanded the case back to the Tribunal for a fresh assessment, emphasizing the importance of considering lease terms, period, and other relevant factors in determining whether the property let out by the assessee qualified for exemption under section 40(3)(vi) of the Finance Act, 1983. The Court highlighted the necessity of a detailed factual analysis and urged parties to provide additional evidence if required. The judgment emphasized the need for a comprehensive review in line with legal precedents to ensure a fair and accurate wealth tax assessment. Case-Laws Income Tax Wed, 20 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11784