https://www.taxtmi.com/caselaws?id=268171 The Tribunal dismissed the grounds challenging the validity of reassessment proceedings as not pressed. Regarding the determination of whether the impugned lands were urban lands, the Tribunal held in favor of the assessee, stating that the lands continued to be used for agricultural purposes and should not be considered urban lands for wealth tax purposes. The Tribunal also concluded that BIAPPA is a planning authority, not a municipality. As a result, the Tribunal directed the deletion of additions made under wealth tax and dismissed the charging of interest under section 17B. en-us Fri, 16 Oct 2015 00:00:00 +0530 Sat, 21 Nov 2015 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268171 The Tribunal dismissed the grounds challenging the validity of reassessment proceedings as not pressed. Regarding the determination of whether the impugned lands were urban lands, the Tribunal held in favor of the assessee, stating that the lands continued to be used for agricultural purposes and should not be considered urban lands for wealth tax purposes. The Tribunal also concluded that BIAPPA is a planning authority, not a municipality. As a result, the Tribunal directed the deletion of additions made under wealth tax and dismissed the charging of interest under section 17B. Case-Laws Wealth-tax Fri, 16 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268171