2006 (8) TMI 143

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....d by R. GURURAJAN J.-The Revenue is before us aggrieved by the order of the Tribunal in the case on hand. The assessee is a limited company. While completing the wealth-tax assessment, the Wealth-tax Officer brought the value of "jeep" to wealth tax which was claimed by the assessee as exemption. The assessee claimed that "jeep" is not a motor car. The Wealth-tax Officer did not accept the cont....

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....he Appellate Commissioner have held in favour of the Revenue. The Tribunal has rejected the case of the Revenue by holding that in common parlance, motor-car and jeep are two distinct things and it will be erroneous to say that jeep is a motor car. Let us see as to whether this finding of the Tribunal is acceptable in law or not in the case on hand. A Division Bench of the Kerala High Court ....

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....ssarily to a vehicle, one which moves with the aid of power, whether mechanical or electrical. The Income-tax Act merely refers to a motor car and does not mention any other motor vehicle. That term in the Act is meant to be an all inclusive term meant to encompass all vehicles, which can properly be regarded as 'motor cars' in a broad sense. The absence of a definition in the enactment does not c....