https://www.taxtmi.com/caselaws?id=70632 The appeals for the assessment years 1990-91, 1991-92, and 1992-93 were dismissed, affirming that the land owned by the assessee-company was non-agricultural for wealth-tax purposes due to the absence of agricultural operations. For the assessment year 1993-94, the appeal was allowed for statistical purposes, and the issue was remitted back to the Assessing Officer to reconsider under the amended provisions of the Wealth-tax Act, emphasizing the significance of actual use and intention in determining the nature of land for tax purposes. en-us Wed, 02 Jun 2004 00:00:00 +0530 Mon, 18 Apr 2011 12:03:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70632 The appeals for the assessment years 1990-91, 1991-92, and 1992-93 were dismissed, affirming that the land owned by the assessee-company was non-agricultural for wealth-tax purposes due to the absence of agricultural operations. For the assessment year 1993-94, the appeal was allowed for statistical purposes, and the issue was remitted back to the Assessing Officer to reconsider under the amended provisions of the Wealth-tax Act, emphasizing the significance of actual use and intention in determining the nature of land for tax purposes. Case-Laws Income Tax Wed, 02 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70632