Wealth Tax – To claim exemption of SOP, stay in house not mandatory

IN THE ITAT MUMBAI BENCH ‘WT’ Ramesh D Hariani V/s. Wealth Tax Officer WT APPEAL NO. 41 (MUM.) OF 2009 [ASSESSMENT YEAR 2001-02] MAY 11, 2012 ORDER Vijay Pal Rao, Judicial Member This appeal by the assessee is directed against the order dated 4.8.2009 of the CWT(A) for the Assessment Year 2001-01. 2. The assessee has raised the following effective grounds in this appeal: “1. The learned Commissioner of Wealth Tax (Appeals) – XXVI [CWT(A)] erred in upholding the assessment u/s. 16(3) r.w.s. 17 of the Wealth Tax Act, 1957.  2.  The learned CWT(A) erred ...