https://www.taxtmi.com/caselaws?id=68316 The Tribunal dismissed the Revenue's appeals and allowed the assessees' cross-objections. It held that the land owned by M/s. Ashoka Dairy Farm was agricultural and exempt from wealth-tax. The value of the assessee's interest in the firm was not includible in their net wealth under section 4(1)(b). The issue of deduction under section 5(1)(iv) for the portion of the building let out was remanded to the Wealth-tax Officer for further verification. en-us Fri, 29 Sep 2000 00:00:00 +0530 Tue, 29 Mar 2011 11:55:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68316 The Tribunal dismissed the Revenue's appeals and allowed the assessees' cross-objections. It held that the land owned by M/s. Ashoka Dairy Farm was agricultural and exempt from wealth-tax. The value of the assessee's interest in the firm was not includible in their net wealth under section 4(1)(b). The issue of deduction under section 5(1)(iv) for the portion of the building let out was remanded to the Wealth-tax Officer for further verification. Case-Laws Wealth-tax Fri, 29 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68316