This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Royal Buggy used by royal family for ceremonial occasions is exempt from Wealth Tax
Case Law Details
- Case Name
- Shantadevi p. Gaekwad Vs W.T.O (Gujarat High Court at Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Gujarat High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
The appellant-assessee is an individual and is a member of the erstwhile royal family of Vadodara. The assessee owned a horse chariot popularly referred to as This Baggi had substantial gold contents. The case of the assessee was that Baggi was a work of art and was, therefore, exempt from wealth tax under Section 5 (1) (xii) of the Wealth Tax Act, 1957. The case of the assesse is that he had inherited the said article as a member of the royal family. The Baggi was used by his father and grandfather on important ceremonial occasions. That the Baggi was otherwise operational. I...
