Levy of wealth-tax on agricultural land faces constitutional challenge; assessments restrained where binding regional decision prevails. The Finance Act, 1969 included agricultural land within the definition of assets for wealth-tax. Following a High Court ruling that such inclusion is ultra vires the Constitution, the administration has sought leave to appeal. Pending a contrary higher forum decision, wealth-tax officers within the jurisdiction bound by that ruling must take no further steps - including surveys or assessments - to tax agricultural assets; in other jurisdictions assessments should proceed under existing instructions.
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Provisions expressly mentioned in the judgment/order text.
Levy of wealth-tax on agricultural land faces constitutional challenge; assessments restrained where binding regional decision prevails.
The Finance Act, 1969 included agricultural land within the definition of assets for wealth-tax. Following a High Court ruling that such inclusion is ultra vires the Constitution, the administration has sought leave to appeal. Pending a contrary higher forum decision, wealth-tax officers within the jurisdiction bound by that ruling must take no further steps - including surveys or assessments - to tax agricultural assets; in other jurisdictions assessments should proceed under existing instructions.
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