Court : Income Tax Appellate Tribunal ITAT Hyderabad
Decided on : Sep-15-2004
Reported in : (2005)92ITD500(Hyd.)
..... year, means- (i) any quest house and any residential house [including a farm house situated within twenty-five kilometers from the local limits of any municipality (whether known as a municipality, municipal corporation, notified area committee, town area committee, town committee or by any other name) or a cantonment board], but does not include - (1 ..... not in a habitable condition. therefore, ao denied the claim of exemption under section 5(1)(vi) of the act. the ao appears to have called for the evidence of payment of municipal taxes to support the claim that the building was actually completed and habitable, except producing the electricity bills for the ..... light of the decision of the hon'ble punjab and haryana high court (supra), we set aside the issue, to the file of the ao and direct him to refer to the matter to ..... instant case, the ao failed to refer the matter to the valuation officer. in this regard, reliance was placed upon the decision of the hon'ble punjab and haryana high court in the case of raj paul oswal v.cwt, 171 itr 489.20. considering the circumstances of the case and in the ..... law, enhancing the values of the immovable properties exceeding, 1/3rd, without invoking the provisions of section 16a of the wealth tax act." placing reliance on the decision of hon'ble punjab & haryana high court in the case of raj paul oswal v. cwt, 171' itr 489, learned counsel submitted that if the .....Tag this Judgment!