W.T.AS. NOS.81/IB AND 113/IB OF 2003, DECIDED ON 20TH JANUARY, 2004. versus W.T.AS. NOS.81/IB AND 113/IB OF 2003, DECIDED ON 20TH JANUARY, 2004.
Section 16 (4) Wealth Tax Rules, 1963, R8 (3) Assessment of land and building property was residential property in the year under consideration, which was made commercial during the next assessment year and Assessment for payment of commercial fees paid. The officer appreciated this property. The purpose of the Wealth Tax was to be valid by applying the fixed trade rates for the stamp duty for the year under consideration when the property was a previously constructed house / residential property that was later converted to commercial property and assessed the commercial value fee Was paid by the estate. At the time of purchase and also during the evaluated year, the appellate tribunal may not charge based on the trade rates determined by the appellate tribunal's first appellate district district collector's instructions.
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