2008 (1) TMI 336

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...., for the respondent. JUDGMENT 1. According to the learned Counsel the premises would not fall within the meaning of assets under Section 2(ea) of the Wealth Tax Act, 1957. Learned Counsel relied on the following :- "any house which the assessee may occupy for the purposes of any business or profession carried on by him." 2. It has come on record that the said premises have been given ....

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....on of Section 4 (8) (b) reads as under:- "A person -- (b) who acquires any rights (excluding any rights by way of a lease from month to month or for a period not exceeding one year) in or with respect to any building or part thereof by virtue of any such transaction as is referred to in clause (f) of section 269UA of the Income-tax Act." 4. It is the case of the Appellant themselves that ....