https://www.taxtmi.com/caselaws?id=264581 The Tribunal upheld the CWT(A)'s decision that the land qualified as agricultural and was exempt from being considered an "asset" for Wealth Tax purposes. The evidence of ongoing agricultural activities on the land supported this classification, leading to the dismissal of the department's appeals and the assessee's cross objections for the Assessment Years 2002-03 to 2005-06. The Tribunal emphasized the agricultural nature of the land and the lack of restrictions on construction or development, ultimately affirming the CWT(A)'s orders and closing the proceedings on 21st August 2015. en-us Fri, 21 Aug 2015 00:00:00 +0530 Mon, 28 Sep 2015 15:14:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264581 The Tribunal upheld the CWT(A)'s decision that the land qualified as agricultural and was exempt from being considered an "asset" for Wealth Tax purposes. The evidence of ongoing agricultural activities on the land supported this classification, leading to the dismissal of the department's appeals and the assessee's cross objections for the Assessment Years 2002-03 to 2005-06. The Tribunal emphasized the agricultural nature of the land and the lack of restrictions on construction or development, ultimately affirming the CWT(A)'s orders and closing the proceedings on 21st August 2015. Case-Laws Wealth-tax Fri, 21 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264581