https://www.taxtmi.com/caselaws?id=57522 The Tribunal held that the assessee was entitled to the exemption under section 40(3)(vi) of the Finance Act, 1983, as the hotel building was used for business purposes, fulfilling the conditions for exemption. The CWT's order under section 25(2) of the Wealth-tax Act, 1957, was canceled, and the original assessments were restored. The appeals filed by the assessee were allowed. en-us Wed, 17 Jul 1996 00:00:00 +0530 Fri, 10 Dec 2010 16:07:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57522 The Tribunal held that the assessee was entitled to the exemption under section 40(3)(vi) of the Finance Act, 1983, as the hotel building was used for business purposes, fulfilling the conditions for exemption. The CWT's order under section 25(2) of the Wealth-tax Act, 1957, was canceled, and the original assessments were restored. The appeals filed by the assessee were allowed. Case-Laws Income Tax Wed, 17 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57522