https://www.taxtmi.com/caselaws?id=242092 The Appellate Tribunal ruled in favor of the Assessee, a company engaged in manufacturing and trading, regarding the valuation of land at Bangalore and residential flats for wealth tax assessment for the years 2002-03 and 2003-04. The Tribunal directed the exclusion of properties used for business purposes from wealth tax assessment and upheld the Assessee's contentions on the valuation of agricultural land for wealth tax purposes. The Tribunal dismissed the Revenue's appeals and allowed the Assessee's appeals for the mentioned assessment years. en-us Wed, 13 Nov 2013 00:00:00 +0530 Tue, 07 Jan 2014 07:07:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242092 The Appellate Tribunal ruled in favor of the Assessee, a company engaged in manufacturing and trading, regarding the valuation of land at Bangalore and residential flats for wealth tax assessment for the years 2002-03 and 2003-04. The Tribunal directed the exclusion of properties used for business purposes from wealth tax assessment and upheld the Assessee's contentions on the valuation of agricultural land for wealth tax purposes. The Tribunal dismissed the Revenue's appeals and allowed the Assessee's appeals for the mentioned assessment years. Case-Laws Wealth-tax Wed, 13 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242092