1995 (9) TMI 62 - HC - Wealth-tax

Summary

The High Court of Madhya Pradesh dismissed the Revenue's cases related to the exemption of a building under section 5(1)(iii) of the Wealth-tax Act, holding that the entire building is exempt even if part of it is rented out. The court referred to a previous case to support this decision. The applications were dismissed as no question of law arose for consideration.