https://www.taxtmi.com/caselaws?id=183159 Agricultural land falling within municipal limits and covered by the statutory definition of "urban land" is treated as exigible to wealth tax under the Wealth-tax Act, as the controversy was noted to be settled by binding Supreme Court and jurisdictional High Court precedent. The Tribunal therefore did not re-examine the merits and followed the existing legal position against the assessees. A separate challenge to the constitutional validity of levying wealth tax on such land was not entertained, because the Tribunal lacked jurisdiction to rule on vires. The result was that the taxability issue went against the assessees, while the constitutional issue was left undecided. en-us Tue, 22 May 2012 00:00:00 +0530 Tue, 31 May 2016 11:09:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183159 Agricultural land falling within municipal limits and covered by the statutory definition of "urban land" is treated as exigible to wealth tax under the Wealth-tax Act, as the controversy was noted to be settled by binding Supreme Court and jurisdictional High Court precedent. The Tribunal therefore did not re-examine the merits and followed the existing legal position against the assessees. A separate challenge to the constitutional validity of levying wealth tax on such land was not entertained, because the Tribunal lacked jurisdiction to rule on vires. The result was that the taxability issue went against the assessees, while the constitutional issue was left undecided. Case-Laws Wealth-tax Tue, 22 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183159