Home Case Index All Cases Wealth-tax Wealth-tax + HC Wealth-tax - 1998 (1) TMI HC This
The High Court of Madras delivered a judgment on two tax cases. One case was at the instance of the assessee regarding the exemption of coffee and tea bushes under the Wealth-tax Act, which was denied. The other case was at the instance of the Department regarding the deduction under section 5(1)(iva) of the Wealth-tax Act for a partner in a firm owning agricultural lands, which was allowed. The court answered both questions of law accordingly.
|