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Building-Partially let out partially used for business

Court :

Brief :
Whether exemption allowed to partial let out building which is partialy used for the business.

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

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

Rahul Tibrewal
on 17 February 2008
Published in Others
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IIM Indor
Budget 2023