Royal Buggy - art work - scope of exemption from wealth tax - ...

High Court Reviews ITAT Error on "Royal Buggy" Art Exemption Under Wealth Tax Section 5(1) Clauses (viii) and (xii.

June 16, 2017

Case Laws Wealth-tax HC

Royal Buggy - art work - scope of exemption from wealth tax - ITAT committed an error in holding that even if the article was one of “work of art”, since it is possible to be put to personal use, it would get ejected from Clause (xii) and would fall only under Clause (viii) of Sub-section (1) of Section 5 - HC

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Royal Buggy - art work - scope of exemption from wealth tax - ...

High Court Reviews ITAT Error on "Royal Buggy" Art Exemption Under Wealth Tax Section 5(1) Clauses (viii) and (xii.

June 16, 2017

Case Laws Wealth-tax HC

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