https://www.taxtmi.com/caselaws?id=361141 The Appellate Tribunal ITAT Chennai partially allowed the appeals, exempting the Thiruvanmiyur property from wealth tax due to its dual usage for residence and medical practice. The Kodaikanal property was deemed eligible for wealth tax assessment. The Tribunal directed assessment of the Kodaikanal property's value in accordance with the Wealth-tax Act procedures. The judgment provided a nuanced resolution on the tax implications of properties used for professional and residential purposes. en-us Thu, 24 May 2018 00:00:00 +0530 Thu, 31 May 2018 08:40:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361141 The Appellate Tribunal ITAT Chennai partially allowed the appeals, exempting the Thiruvanmiyur property from wealth tax due to its dual usage for residence and medical practice. The Kodaikanal property was deemed eligible for wealth tax assessment. The Tribunal directed assessment of the Kodaikanal property's value in accordance with the Wealth-tax Act procedures. The judgment provided a nuanced resolution on the tax implications of properties used for professional and residential purposes. Case-Laws Wealth-tax Thu, 24 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361141