Valuation of plantation land: yield-based bands and stock valuation determine uniform wealth-tax assessment treatment. Valuation of plantation land is based on classifying lands into three categories: yielding lands valued by mapping six year (or available years') average yield per acre to specified yield/value bands; developing or non yielding planted lands assigned an indicative per acre value; and virgin unplanted land treated as having negligible value. Separate valuation of coffee stock is based on the average of the preceding three years' dividends and added to land value. Ancillary plantation assets need not be separately added. The guidelines aim to provide a uniform procedure for completing pending wealth tax assessments.
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Valuation of plantation land: yield-based bands and stock valuation determine uniform wealth-tax assessment treatment.
Valuation of plantation land is based on classifying lands into three categories: yielding lands valued by mapping six year (or available years') average yield per acre to specified yield/value bands; developing or non yielding planted lands assigned an indicative per acre value; and virgin unplanted land treated as having negligible value. Separate valuation of coffee stock is based on the average of the preceding three years' dividends and added to land value. Ancillary plantation assets need not be separately added. The guidelines aim to provide a uniform procedure for completing pending wealth tax assessments.
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