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Wealth-tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

Wealth tax - the assessee is not entitled to exemption u/s. ...


Assessee denied Wealth Tax exemption u/s 5(1)(vi); house deemed uninhabitable due to missing essential features.

July 25, 2012

Case Laws     Wealth-tax     AT

Wealth tax - the assessee is not entitled to exemption u/s. 5(1)(vi) of the Wealth Tax Act,1957, for the reasons that the house is not habitable in view of the fact that plastering, flooring, drainage and electricity is not done, doors and windows are not installed, the ceilings are in damaged condition. - AT

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