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2011 (6) TMI 843 - HC - Wealth-tax

The Bombay High Court ruled that warehouses used in warehousing business are assets under the Wealth Tax Act. The ITAT's decision was set aside, and the matter was sent back to the assessing officer for reconsideration in light of income tax proceedings. The appellant agreed not to claim a tax refund. All appeals were disposed of with no costs.

 

 

 

 

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