Yudhishthira Kapur v. ACWT (2021)90 ITR 90 (SN)(Delhi) (Trib)

Wealth tax Act, 1957.

S. 2(ea): Asset – Land under acquisition by Government – Not includible .

Held that  following the order of the Tribunal in the case of the assessee’s co-owner, where the issue with respect to chargeability of above assets to wealth-tax had been decided, the two plots under acquisition and the land acquired by the Government of India could not have been included in the net wealth of the assessee.( AY.  2009-10, 2013-14)


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