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Wealth-tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Land acquired by Government of India under the Land Acquisition ...


Land Acquired by Government Under Land Acquisition Act, 1894, Exempt from Wealth Tax Due to Lack of Ownership Rights.

April 19, 2016

Case Laws     Wealth-tax     AT

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

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