https://www.taxtmi.com/caselaws?id=777984 SC dismissed the appeals as not pressed, upholding the HC and ITAT conclusion that the assessee's properties at Connaught Circus and Sardar Mohan Singh Building are "commercial establishments or complexes" and thus excluded from "assets" under Section 2(ea) of the Wealth Tax Act, 1957. The Court rejected Revenue's contention that the phrase must be read only in the plural, finding no legislative intent to restrict the exemption to particular types of commercial establishments or complexes. Pending applications disposed. en-us Wed, 03 Sep 2025 00:00:00 +0530 Tue, 09 Sep 2025 08:38:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777984 SC dismissed the appeals as not pressed, upholding the HC and ITAT conclusion that the assessee's properties at Connaught Circus and Sardar Mohan Singh Building are "commercial establishments or complexes" and thus excluded from "assets" under Section 2(ea) of the Wealth Tax Act, 1957. The Court rejected Revenue's contention that the phrase must be read only in the plural, finding no legislative intent to restrict the exemption to particular types of commercial establishments or complexes. Pending applications disposed. Case-Laws Wealth-tax Wed, 03 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777984