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Wealth-tax - Highlights / Catch Notes

Home Highlights November 2011 Year 2011 This

Whether land is occupied by the assessee or it is leased out - ...


Court Rules Land Belongs to Assessee for Wealth Tax, Regardless of Occupation or Lease Status.

November 26, 2011

Case Laws     Wealth-tax     HC

Whether land is occupied by the assessee or it is leased out - it cannot be said that the assessee was in possession through the tenants - assets in question should be deemed to belong to the assessee and these assets are liable to be included in the assets by the assessee under wealth tax -.... - HC

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