https://www.taxtmi.com/caselaws?id=30704 The High Court ruled in favor of the assessee, emphasizing that for wealth tax purposes, the crucial factor is the amount received or receivable by the owner, irrespective of any intermediary transactions or higher considerations received by sub-licensees. The court dismissed the appeal, affirming the Tribunal's findings that only the rent received or receivable by the owner is relevant for determining annual value and deposits under the Wealth Tax Act. en-us Wed, 24 Oct 2007 00:00:00 +0530 Wed, 17 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30704 The High Court ruled in favor of the assessee, emphasizing that for wealth tax purposes, the crucial factor is the amount received or receivable by the owner, irrespective of any intermediary transactions or higher considerations received by sub-licensees. The court dismissed the appeal, affirming the Tribunal's findings that only the rent received or receivable by the owner is relevant for determining annual value and deposits under the Wealth Tax Act. Case-Laws Wealth-tax Wed, 24 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30704