Wealth Tax Act-Scope of Sec.2(e) in case of lease.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... brought to the notice of the Board case where a theatre was leased out to a firm for a period of 6 years initially with a right to the lessee to extend it for another 5 years on the same terms and co .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... th K. Daga (127 ITR 371). 2. However, the above decision in the case of Seth Ram Nath K. Daga has not been accepted and an SLP has been filed before the Supreme Court. It has, therefore, been decide .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X