https://www.taxtmi.com/caselaws?id=16136 Investment in an incomplete and unfinished factory building was outside the wealth-tax inclusion under section 40(3)(vi) of the Finance Act, 1983 because the clause applied only to a building or part thereof capable of being used for the specified purposes. On the facts stated, the structure remained under construction during the relevant assessment year and was not fit for any use by the assessee, so it did not answer the statutory description of an includible asset. The text also states that refusal to make a reference under section 27(3) of the Wealth-tax Act, 1957, was justified, and the petition failed. en-us Tue, 11 Aug 1998 00:00:00 +0530 Tue, 01 Sep 2009 13:16:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16136 Investment in an incomplete and unfinished factory building was outside the wealth-tax inclusion under section 40(3)(vi) of the Finance Act, 1983 because the clause applied only to a building or part thereof capable of being used for the specified purposes. On the facts stated, the structure remained under construction during the relevant assessment year and was not fit for any use by the assessee, so it did not answer the statutory description of an includible asset. The text also states that refusal to make a reference under section 27(3) of the Wealth-tax Act, 1957, was justified, and the petition failed. Case-Laws Wealth-tax Tue, 11 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16136