Value of house under construction including investment on construction is not liable to wealth-tax
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Value of house under construction including investment on construction is not liable to wealth-tax

Case Law Details

Case Name
CIT Vs Smt. Neena Jain (Punjab & Haryana High Court)
Date of Judgement/Order
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CASE LAWS DETAILS DECIDED BY: HIGH COURT OF PUNJAB & HARYANA, IN THE CASE OF : CIT Vs Smt. Neena Jain, Appeal No: WTA No. 17 to 20 of 2008, DECIDED ON: February 19, 2010 RELEVANT PARAGRAPH 8. The appeal was admitted to consider the following substantial questions of law: “(i)Whether, on the acts and in the circumstances o the Case ,the Honourable ITAT is justified in law in dismissing appeal of the Revenue against the Ld. CIT(A)’s order holding that a house under construction neither being a house nor a plot is not liable to tax under the Wealth Tax Act,1957? (ii)Whether, on t...
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