https://www.taxtmi.com/caselaws?id=69999 The Tribunal dismissed the stay petitions, upholding the Commissioner's revisionary order under section 25(2) of the Wealth-tax Act. It determined that the excess land was non-agricultural based on historical classification and lack of agricultural activities. The Tribunal found no prejudice to the assessee from participating in valuation proceedings and emphasized the importance of completing assessments within the statutory period. Additionally, it concluded that granting a stay would inconvenience the Revenue more than the assessee, citing the necessity for strong prima facie cases for stay orders. en-us Mon, 29 Oct 1990 00:00:00 +0530 Wed, 13 Apr 2011 13:08:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69999 The Tribunal dismissed the stay petitions, upholding the Commissioner's revisionary order under section 25(2) of the Wealth-tax Act. It determined that the excess land was non-agricultural based on historical classification and lack of agricultural activities. The Tribunal found no prejudice to the assessee from participating in valuation proceedings and emphasized the importance of completing assessments within the statutory period. Additionally, it concluded that granting a stay would inconvenience the Revenue more than the assessee, citing the necessity for strong prima facie cases for stay orders. Case-Laws Wealth-tax Mon, 29 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69999