https://www.taxtmi.com/caselaws?id=207740 The court held that the two-year exemption period for wealth-tax on industrial plots starts from the date of acquisition of the plots. The land was to be included in the computation of total wealth for the relevant assessment years, as the failure to use the land for industrial purposes was due to the assessee's non-fulfillment of conditions, not due to any legal prohibition. Consequently, the appeals were dismissed, and the actions of the authorities were deemed legally sustainable. en-us Wed, 13 Jan 2010 00:00:00 +0530 Thu, 22 Dec 2011 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207740 The court held that the two-year exemption period for wealth-tax on industrial plots starts from the date of acquisition of the plots. The land was to be included in the computation of total wealth for the relevant assessment years, as the failure to use the land for industrial purposes was due to the assessee's non-fulfillment of conditions, not due to any legal prohibition. Consequently, the appeals were dismissed, and the actions of the authorities were deemed legally sustainable. Case-Laws Wealth-tax Wed, 13 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207740