https://www.taxtmi.com/caselaws?id=11876 The High Court held that the fair rent determined by the Rent Control Appellate Authority, as upheld by the Supreme Court, should be used for computing the gross maintainable rent. It ruled that the right to receive fair rent accrued from the date of the petition, not the final court decision. Additionally, the court confirmed that the assessee was entitled to exemption for the godown under section 5(1)(iv) of the Wealth-tax Act. The judgment was against the assessee on the first two issues and in favor of the assessee on the third issue. No order as to costs was made. en-us Tue, 12 Nov 2002 00:00:00 +0530 Wed, 10 Feb 2010 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11876 The High Court held that the fair rent determined by the Rent Control Appellate Authority, as upheld by the Supreme Court, should be used for computing the gross maintainable rent. It ruled that the right to receive fair rent accrued from the date of the petition, not the final court decision. Additionally, the court confirmed that the assessee was entitled to exemption for the godown under section 5(1)(iv) of the Wealth-tax Act. The judgment was against the assessee on the first two issues and in favor of the assessee on the third issue. No order as to costs was made. Case-Laws Wealth-tax Tue, 12 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11876