Find a Lawyer

M.AS. (A.G.) NOS. 1103/LB TO 1107/LB OF 2006 AND W.T. AS. NOS.537/LB TO 541/LB OF 2003, DECIDED ON 2 versus M.AS. (A.G.) NOS. 1103/LB TO 1107/LB OF 2006 AND W.T. AS. NOS.537/LB TO 541/LB OF 2003, DECIDED ON 2

R8 (4C) Wealth Tax Act (XV of 1963), Section 17B allows the hall to be leased by the Additional Commissioner Income Tax, with the directive to own the property as well as to construct the super structure. done. In view of R8 (4C) of the Wealth Tax Rules, 1963, and the assessee's interpretation of the Rule 8 (4C) of the Wealth Tax Rules, 1963, it was clear that it was only in the Will apply. Hall's case is owned and administered by the same person, but from the beginning of proceedings under Section 17B of the Wealth Tax Act, 1963, the Assisi's asserted that the Assisi was not the owner of the land but still only the Additional Commissioner of Structure. Is managing. The elaborate explanation of the assimilation emphasized that the hall and the land were owned and managed by the assessee. Since it was not owned by the underground, it could not be evaluated. Property Rule, 8 R4 (4C) of the Wealth Tax Rules, 1963, however, remanded the Assessment Officer to re-examine the case to keep this case separate. had gone. The Assissee was not the owner of this land at that time R8 (4C) of the Wealth Tax Rules 1963 was not applicable and only the super structure was to be assessed by the Assisi. online advocate from Swatmingora lawyer