Property Used for Commercial Purposes by Tenant Exempt from Wealth Tax u/s 2(ea) of Wealth-tax Act.

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....Exemption u/s. 2(ea) of the WT Act - even if the property is utilized for commercial purposes by the tenant, still it is outside the ambit of wealth tax and assessee would automatically fall under the exclusion Clause No. 5 of section 2(ea)(1) - AT....