COMMISSIONER OF WEALTH TAX, SOUTHERN REGION, KARACHI versus ABID HUSSAIN
Section 5 (1) (xvi), 27 (4) and 2 (M) of the Wealth Tax Act 1963, Explanation and Second Schedule, Part I, c1 12 Requirement for claiming exemption from payment of wealth tax in respect of immovable property. It should be occupied by the assessee for the purpose of section 5 (1) of section 5 (1) of the Asset Tax Act, 1963, and it is not conceivable to occupy that review. And didn't talk about seizing the property. As a property owner of the department, its ability is that the Assessment would be entitled to the benefits of Section 5 (1) (xvi) of the Wealth Tax Act, 1963, when the house was not leased, it was returned.
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