https://www.taxtmi.com/caselaws?id=4510 Land ceases to retain agricultural character for wealth-tax exemption once lawful permission is obtained to divert it to non-agricultural use. The grant of diversion permission, the approved residential colony layout, and the assessee's application for non-agricultural use showed the intended change in user. Temporary cultivation carried on thereafter only as a stop-gap arrangement pending sale did not preserve agricultural status. The land was therefore not agricultural land for wealth-tax purposes, and the exemption was unavailable. en-us Thu, 13 Apr 2006 00:00:00 +0530 Fri, 11 Jul 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4510 Land ceases to retain agricultural character for wealth-tax exemption once lawful permission is obtained to divert it to non-agricultural use. The grant of diversion permission, the approved residential colony layout, and the assessee's application for non-agricultural use showed the intended change in user. Temporary cultivation carried on thereafter only as a stop-gap arrangement pending sale did not preserve agricultural status. The land was therefore not agricultural land for wealth-tax purposes, and the exemption was unavailable. Case-Laws Wealth-tax Thu, 13 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4510