https://www.taxtmi.com/caselaws?id=62278 Land held and used for construction of a factory building was treated as part of the factory premises and entitled to wealth-tax exemption under the applicable factory-property exclusion; the assessee succeeded on that issue. The valuation adopted at Rs. 5,000 per cent was also found reasonable on the facts, as no material was produced to displace the lower authorities' estimate, so the valuation was upheld. en-us Thu, 20 Jun 1996 00:00:00 +0530 Wed, 19 Jan 2011 10:29:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62278 Land held and used for construction of a factory building was treated as part of the factory premises and entitled to wealth-tax exemption under the applicable factory-property exclusion; the assessee succeeded on that issue. The valuation adopted at Rs. 5,000 per cent was also found reasonable on the facts, as no material was produced to displace the lower authorities' estimate, so the valuation was upheld. Case-Laws Wealth-tax Thu, 20 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62278