Wealth tax Payable on property deemed to be belonging to assessee

HIGH COURT OF HIMACHAL PRADESH Commissioner of Wealth-tax v/s. H.P. Small Industries & Export Corp. WT APPEAL NO. 1 OF 2005 JANUARY 6, 2011 ORDER Deepak Gupta, J. This Wealth Tax Appeal was admitted on the following questions of law:  1.  Whether on the facts and in the circumstances of the case the learned ITAT was right in holding that the land was occupied by the assessee itself, particularly when it had shown substantial amounts of rental income as derived from the leasing of sheds constructed on the land in question?  2.  Whether on the facts and in the circumsta...