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Unused urban land held by assessee for industrial purposes not assessable to Wealth Tax for a period of two years from the date of acquisition
Case Law Details
- Case Name
- Mars Hotels & Resorts (P.) Ltd. Vs Deputy Commissioner of Wealth Tax (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 1996-97 to 1998-99
- Courts
- ITAT Mumbai
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ITAT Mumbai Bench ‘Wealth Tax’
Mars Hotels & Resorts (P.) Ltd.
V/s.
Deputy Commissioner of Wealth Tax
WT Appeal Nos. 9 to 11 (Mum) of 2010
[Assessment Years 1996-97 to 1998-99]
May 9, 2012
ORDER
1. These appeals by the assessee are directed against the composite order dated 14.1.2010 of CWT(A) for the AYs 1996-97, 97-98 and 98-99 respectively.
2. Since the grounds taken in all the AYs are common; therefore, for the sake of convenience, the ground taken for the AY 1996-97 are reproduced hereunder:
(1) The Commissioner of Wealth Tax (Appeals)- 17, Mumbai (here...
