https://www.taxtmi.com/caselaws?id=373314 The High Court determined that the properties rented out by the assessee qualified as commercial establishments, meeting the exemption criteria under Section 2(ea) of the Wealth Tax Act. The Court held that the term "commercial establishments" in the exception clause encompasses single units, rejecting the revenue's argument requiring multiple units for exclusion. Consequently, the Court dismissed the tax appeals, finding no legal issue to address. en-us Mon, 07 Jan 2019 00:00:00 +0530 Thu, 10 Jan 2019 11:08:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373314 The High Court determined that the properties rented out by the assessee qualified as commercial establishments, meeting the exemption criteria under Section 2(ea) of the Wealth Tax Act. The Court held that the term "commercial establishments" in the exception clause encompasses single units, rejecting the revenue's argument requiring multiple units for exclusion. Consequently, the Court dismissed the tax appeals, finding no legal issue to address. Case-Laws Income Tax Mon, 07 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373314