Friday 12 July 2013

No wealth tax on buildings permitted by Bombay Development Authority for commercial usage

WT: Where Bombay Metropolitan Region Development Authority (BMRDA) had permitted a particular building to be used for purpose of shop, bank, showrooms etc., property owned by assessee in said building being a commercial property was not chargeable to tax under section 2(ea)(i)(5)


No comments:

Post a Comment