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<h1>Court grants exemption from additional wealth-tax for urban land used for agriculture as 'business premises'</h1> <h3>Commissioner Of Wealth-Tax Versus Jaidev Inder Singh</h3> Commissioner Of Wealth-Tax Versus Jaidev Inder Singh - [1992] 195 ITR 367, 103 CTR 173, 63 TAXMANN 25 The High Court of Punjab and Haryana ruled in favor of the assessee regarding exemption from additional wealth-tax for urban land used for agricultural operations, citing binding judicial precedents. The court held that such land qualifies as 'business premises' and is entitled to exemption from additional wealth-tax. The decision was based on previous rulings in similar cases.