Building-Partially let out partially used for business::
Last updated: 07 September 2007
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.
CA.Saibaburao Nanduri
Published in Community & General
Views : 49
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