TMI BlogLand Acquired by Government Under Land Acquisition Act, 1894, Exempt from Wealth Tax Due to Lack of Ownership Rights.Land acquired by Government of India under the Land Acquisition Act, 1894 - The assessee does not hold any ownership rights in the said portion of land and it is absolutely with the Government does not make it liable to the provisions of Wealth Tax Act. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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