Wealth Tax Act-Scope of Sec.2(e) in case of lease.

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....p;Dated: December 10, 1985 Audit has brought to the notice of the Board case where a theatre was leased out to a firm for a period of 6 years initially with a right to the lessee to extend it for a....

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....urt decision in the case of Seth Ram Nath K. Daga (127 ITR 371). 2. However, the above decision in the case of Seth Ram Nath K. Daga has not been accepted and an SLP has been filed before the Supre....