Wealth Tax Exemption for Commercial property available if used for business by others

Brief of the case:  In case of ACIT vs. M/s. Prasad Machinery Pvt. Ltd.  (ITAT Ahmedabad) assessee was owner of factory building. It allotted certain space therein to its sister concern for enabling it to carry on their business in lieu of charging rent. It claim exemption under Wealth Tax Act u/s 2(ea)(5). A.O. treated said property taxable under Wealth Tax Act. CIT (A) held that in terms of Section 2 (ea) (5), it is not necessary that property in nature of commercial establishment should be occupied by assessee himself. Thus, even if building was not let out to its sister concern , still i...