https://www.taxtmi.com/caselaws?id=260845 The High Court dismissed all tax case appeals, upholding the Tribunal's decision to exclude the value of land at Ambattur while calculating the assessee's net wealth. The Court agreed with the CIT(A)'s order that the land with buildings constructed on it should not be considered urban land for wealth tax assessment, as it did not meet the exclusion criteria under the Wealth Tax Act. The Court found no substantial question of law arising from the factual issues considered and decided by the lower authorities. en-us Mon, 08 Jun 2015 00:00:00 +0530 Thu, 25 Jun 2015 06:10:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260845 The High Court dismissed all tax case appeals, upholding the Tribunal's decision to exclude the value of land at Ambattur while calculating the assessee's net wealth. The Court agreed with the CIT(A)'s order that the land with buildings constructed on it should not be considered urban land for wealth tax assessment, as it did not meet the exclusion criteria under the Wealth Tax Act. The Court found no substantial question of law arising from the factual issues considered and decided by the lower authorities. Case-Laws Wealth-tax Mon, 08 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260845