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W.T.AS. NOS. 282/LB TO 285/LB OF 1996, 102,/LB, 106/LB TO 111 /L13 OF 1993 versus W.T.AS. NOS. 282/LB TO 285/LB OF 1996, 102,/LB, 106/LB TO 111 /L13 OF 1993

Sections 5, 3 and 2 (a) (ii) of the Wealth Tax Act 1963 convinced the Co-operative Housing Society that the immovable assets held by the Co-operative Housing Society are for the benefit of its members and thus exempt from the Wealth Tax. The argument that such a society has. Assets for its members are not the property of the property and therefore are not a true statement of rights or law. The reasons are listed. Such a society falls under the Wealth Tax Act 1963. lawer from fb area from Mingora lawyer