https://www.taxtmi.com/caselaws?id=326386 Vacant land purchased shortly before the valuation date remained taxable as urban land because its character had to be determined on that date, not by later construction of a house. The statutory definition was applied according to its plain and unambiguous language, and the plea of residential intention or hardship could not create an exclusion not found in the text. The rule against supplying a casus omissus and the principle that no equity can be imported into a taxing statute were applied. The inclusion of the land in wealth-tax was sustained. en-us Thu, 10 Mar 2016 00:00:00 +0530 Thu, 07 Apr 2016 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326386 Vacant land purchased shortly before the valuation date remained taxable as urban land because its character had to be determined on that date, not by later construction of a house. The statutory definition was applied according to its plain and unambiguous language, and the plea of residential intention or hardship could not create an exclusion not found in the text. The rule against supplying a casus omissus and the principle that no equity can be imported into a taxing statute were applied. The inclusion of the land in wealth-tax was sustained. Case-Laws Wealth-tax Thu, 10 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326386