W. T. A. NO. I I00/LB OF 1996, DECIDED ON 30TH APRIL, 1999. versus W. T. A. NO. I I00/LB OF 1996, DECIDED ON 30TH APRIL, 1999.
Wealth Tax Act 1963 Section 2 (5) (ii) Lease and lease of an asset meant that the lease term would not include the lease of property property in this term and since the property was leased for 99 years. ? , It was outside the scope of the \ assets and, therefore, is not liable to be taxed on the assets for the validity period, in accordance with section 2 (5) (ii) of the Wealth Tax Act, 1963. Includes property, including leasing of property for the purpose of allowing the property to remain out of business or leaving the business
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