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Wealth-tax - Highlights / Catch Notes

Home Highlights December 2015 Year 2015 This

Denial of exemption claim - Since the land was purchased on ...

Case Laws     Wealth-tax

December 28, 2015

Denial of exemption claim - Since the land was purchased on 12.3.2003 , it will continue to claim exemption upto 12.3.2005 but not thereafter and accordingly comes under the ambit of taxable wealth as on 31.3.2005 being the valuation date - AT

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