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Building-Partially let out partially used for business::

Last updated: 07 September 2007

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Court :
HC

Brief :
Held that, let out portion not exempted, only part used for the business is exepmted.

Citation :
C.I.T ( Wealth Tax) Vs. Fagun Estates (P) Ltd.

Building-Partially let out partially used for business C.I.T ( Wealth Tax) Vs. Fagun Estates (P) Ltd. 22-09-2004 (2005 272 ITR 472 (Madras) Case Fact: Whether exemption allowed to partial let out building which is partialy used for the business. Decision: Held that, let out portion not exempted, only part used for the business is exepmted.

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Judgement posted by

CA.Saibaburao Nanduri

Chartered Accountant

I am a commerce graduarte of Andhra University. Studied at HINDU COLLEGE, Guntur. Became FCA and started Practice under the name and style of M/s SAIBABU RAO CO I became Chairman of CA Institute, Guntur Branch, during the year 2008-09 My post qualifications are: Information Systems Audit DISA (ICAI) ... Read more

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