Amendment of Act 11 of 1983

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....s of this sub-section shall, in relation to the assessment year commencing on the 1st day of April, 1988, be increased by a surcharge calculated at the rate of ten per cent. of such wealth-tax."; (ii) in sub-section (3), with effect from the 1st day of April, 1989, - (a) in clause (i), the words ", not being any such precious metal or alloy held for use as raw material in industr....

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....pt as provided in clauses (via) and (vib), and the land appurtenant to such building or part; (via) any building used as residential accommodation in the nature of a guest house and land appurtenant thereto; (vib) any building and the land appurtenant to such building used as residential accommodation by any director, manager, secretary or any other employee of the assessee, such....

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....taxies and used as such in a business of running motor-cars on hire carried on by the assessee. Explanation : Where any question arises as to whether all or any of the assets referred to in clause (i), (ii), (iii), or (iv) are held by the assessee as stock-in-trade in a business carried on by it, the question shall be decided in accordance with such directions as the Board may, by general....