746/CBDT.

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....t (54 of 1972), an Act further to amend certain enactments consequent on the derecognition of Rulers of Indian States and abolition of Privy Purses. This clause provides that:- "the annual value of any one palace in the occupation of a Ruler, being a palace, the annual value whereof was exempt from income-tax before the commencement of the Constitution (Twenty-sixth Amendment) Act, 1971, by virtu....

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....official residences of such Rulers and were treated as exempt from taxation in terms of section 15(3) of the Part B states (Taxation Concession) Order, 1950. Whereas in terms of section 15(3) of the Part B States (Taxation Concession) Order of 1950 the official residence duly notified of Rulers were treated as exempt u/s 10(19A) now introduced in the Act of 1961, what is exempt is the annual value....