W.T.A. NO. L-C(IB) OF 1995-96 versus W.T.A. NO. L-C(IB) OF 1995-96
Wealth Tax Act 1963 Section 7 Wealth Tax Rules, 1963, R 8 Asset Value / Asset Definition is not an example of an individual's assets being included in the assessment of illegal property although the land was not under the property. Strangers by the owner of the building. Still, he had the right to enjoy the benefits of real estate, therefore, his property consisted of immovable property but since it was not a stranger, its value could not be equated with real estate. Is. The Property Tribunal deemed it appropriate in the circumstances that the value of this property should be fixed at the rate of 50 50 equal to the value of such alien property.
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