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MESSRS AJWA CENTRE, LAHORE versus COMMISSIONER OF INCOME TAX/WEALTH TAX, ZONE-APPELLANT, LAHORE

Sections 2 (5) (i) and 3 are not sufficient to qualify for immovable property by an AOP simply because such property should be held for the purpose of selling and selling business. , Or it should be kept out of the property. Where it proves that the property belongs to the AOP and for the purpose stated above it becomes an asset of taxable AOP under section 3 of the Wealth Tax Act, 1963, the question is whether the persons Not a group AOP or not? In the meaning of section 2 (5) (ii) of the Wealth Tax Act, 1963, it is a pure question of fact, taking into account all the attendance of the matter. top advocate from Deh Pathaan lawyer