https://www.taxtmi.com/caselaws?id=12387 A residential property accepted as being used for business purposes in income-tax assessment could not be treated differently in wealth-tax proceedings. Because the property was found to be used for business purposes, its value was excluded from the assessee's net wealth under the applicable exemption, and the statutory exclusion applied. The referred question was answered in favour of the assessee and against the Revenue. en-us Thu, 27 Jun 2002 00:00:00 +0530 Tue, 23 Feb 2010 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12387 A residential property accepted as being used for business purposes in income-tax assessment could not be treated differently in wealth-tax proceedings. Because the property was found to be used for business purposes, its value was excluded from the assessee's net wealth under the applicable exemption, and the statutory exclusion applied. The referred question was answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Thu, 27 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12387