Sec. 2(ea)

Wealth Tax Act, Sec. 2(ea)

Punjab & Haryana H.C : Whether on the facts and circumstances of the case, the learned Tribunal has erred in law in modifying its earlier order Annex. A5 by passing orders Annexs. A11 and A12, when the matter relating to date of acquisition of property measuring 78 Kanals 1 Marla and the date on which the right to receive compensation accrued to the assessee, was a debatable issue ?

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High Court Of Punjab & Haryana Amrit Lal Jindal & Sons (HUF) vs. Wealth Tax Officer Section WT 2(ea), WT

Sec. 2(ea), Wealth Tax Act

Punjab & Haryana H.C : the land belonging to the assessee is not covered within the definition of urban land and it cannot be treated to be an asset taxable under the WT Act even though the assessee had done construction on the said land, as such, construction was not prohibited on the said land under any law at any point of time, so it was an asset under s. 2(ea)(v)

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High Court Of Punjab & Haryana Commissioner Of Wealth Tax vs. LT. GEN. (RETD.) R.K. Mehra Section WT 2(ea)(v), Expln.

Wealth Tax Act, Sec. 2(ea), Section 7

Madras H.C : The Tribunal was right in law in confirming the valuation of properties as per r. 20 instead of r. 3 of Sch. III to the WT Act, 1957, without taking into account the land comprised in pathway, sit out, servant quarters, swimming pool, rest rooms, club area, pump house, tennis court, car and scooter shed, etc., as built up area

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High Court Of Madras Binny Ltd. vs. Assistant Commissioner Of Wealth Tax Section WT 2(ea)(i), WT 7, WT 7(4), WT

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