2008 (7) TMI 975 - HC - Wealth-tax

Summary

The Rajasthan High Court upheld the Tribunal's decision that a deposit of Rs. 2.5 crores, bearing interest and refundable as per a lease-deed, is directly linked to the land and excluded from wealth tax under Section 2(m) of the Wealth Tax Act. The appeal was dismissed as it raised no substantial question of law. (2008 (7) TMI 975 - Rajasthan High Court)