https://www.taxtmi.com/caselaws?id=116710 The Tribunal affirmed the CWT(A) decision to delete the addition of land value for wealth tax purposes based on the agricultural nature of the land. The Tribunal upheld that agricultural land is exempt from wealth tax inclusion, as evidenced by the acceptance of agricultural income in the income tax assessment order, indicating agricultural activities were conducted on the land. Consequently, the Department's appeal was dismissed. en-us Mon, 22 Dec 2003 00:00:00 +0530 Fri, 15 Jun 2012 13:09:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116710 The Tribunal affirmed the CWT(A) decision to delete the addition of land value for wealth tax purposes based on the agricultural nature of the land. The Tribunal upheld that agricultural land is exempt from wealth tax inclusion, as evidenced by the acceptance of agricultural income in the income tax assessment order, indicating agricultural activities were conducted on the land. Consequently, the Department's appeal was dismissed. Case-Laws Wealth-tax Mon, 22 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116710