https://www.taxtmi.com/caselaws?id=427673 The Tribunal allowed the appeal filed by the appellant in a case involving the assessment under the Wealth Tax Act for AY 2012-13. The Tribunal determined that the properties in question, including Kodaikanal Land and Thiruvandanthai Land, did not qualify as assets under the Act and should be treated as exempted assets. As a result, these properties were deleted from the net wealth calculation, resulting in a favorable outcome for the appellant. en-us Fri, 26 Aug 2022 00:00:00 +0530 Thu, 15 Sep 2022 07:49:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427673 The Tribunal allowed the appeal filed by the appellant in a case involving the assessment under the Wealth Tax Act for AY 2012-13. The Tribunal determined that the properties in question, including Kodaikanal Land and Thiruvandanthai Land, did not qualify as assets under the Act and should be treated as exempted assets. As a result, these properties were deleted from the net wealth calculation, resulting in a favorable outcome for the appellant. Case-Laws Wealth-tax Fri, 26 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427673