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W.T.AS. NOS.186/LB TO 192/LB OF 2000, DECIDED ON 25TH APRIL, 2002. versus W.T.AS. NOS.186/LB TO 192/LB OF 2000, DECIDED ON 25TH APRIL, 2002.

Sections 2 (1) (5) (ii) and 2 (1) (16) of the Wealth Tax Act, 1963, Explanation (iii) determine the construction of a commercial building by a family of seven as pure wealth. Assessment officer designated the Association of Person's Status and Assessed Net Wealth Assessment Assessing that the building is owned by seven people who have separate and separate shares and according to the agreement The building was divided and divided, seven co-owners and each owner's section were coded separately, in addition to the distribution of such property as provincial excise e. De Taxation Department was accepted and T 1 form of every owner was released separately, which people were assigned the status of an association. The clauses of the law were in breach. Seven members shook hands, developed their sources, got a site plan of a compact multi-storey building approved by the compact authority. ND built the building, which was a joint venture with the family, and was a real estate business for sale, or for the purpose of leaving. All seven men had the right, title or interest in the property. Each of them had a personal interest in their one-inch property being sold by an attorney to all such members of the Association of Persons' Attorney in a multi-storey building such as unit shops, apartments, etc., while negotiating. I was not a sales person. In connection with the sale of a particular shop or apartment, a member of the association was performing the sale that any member had in connection with the section of the plaza. list of advocates from Nilam lawyer