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W. T. A. NO.27(IB) OF 1999-2000 versus W. T. A. NO.27(IB) OF 1999-2000


The Indian Wealth Tax Act 1957 Second Schedule, c1 12 (1), (2) and Schedule I, Part I, Para A, Subpara (2), the Proviso waivers asserted that the shop itself was exempt from occupation. And there is a legal exemption of Rs. The legal waiver of Rs.10,00,000 was rejected on the basis that the waiver of Rs.10,000 and at the same time, a shop is a profit of the spirit of the law as the law self-occupied shop + self-occupied house Or Rs.10,000,000 to grant a exemption in respect of any house for the grant of an exemption under section (12) of Part II of the second schedule for a reviewer's powers. The money was not allowed which was owned and occupied by the property for its own residence. (B) The first Schedule to sub-paragraph (2) of Part A of Part I of the first Scheme 4 is also excluded from the application of Proviso (A) of sub-paragraph (2) of Part I. Wealth Tax Act, 1963 Shop was listed in sub-CL (2) of Part I of KCL (12) of Part II of the Second Schedule, in which no rule or exception was attached such as the Wealth Tax Act, 1963 Was listed under sub-clause (1) of Part I of the Second Schedule to the ECC, which should have either chosen to move out of its occupied home. With a basic rebate of Rs. 10,000, and at the same time, he was also entitled to get exemption from a shop he occupied for the purpose of his business or profession.

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