https://www.taxtmi.com/caselaws?id=7287 The Kerala HC upheld an additional wealth-tax scheme for urban lands and buildings that used population-based exemption limits, finding no violation of Article 14. It held that the levy was aimed at taxing capital value rather than market value, that rural property could be fully exempted because urban property generally yields higher returns, and that larger cities could rationally receive higher exemption limits because the gap between market value and productivity is typically wider. The Court found the classification to be reasonably related to the legislative object and held that the petitioner had not shown hostile discrimination in a taxing statute. en-us Fri, 23 Feb 1968 00:00:00 +0530 Mon, 16 Feb 2009 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7287 The Kerala HC upheld an additional wealth-tax scheme for urban lands and buildings that used population-based exemption limits, finding no violation of Article 14. It held that the levy was aimed at taxing capital value rather than market value, that rural property could be fully exempted because urban property generally yields higher returns, and that larger cities could rationally receive higher exemption limits because the gap between market value and productivity is typically wider. The Court found the classification to be reasonably related to the legislative object and held that the petitioner had not shown hostile discrimination in a taxing statute. Case-Laws Wealth-tax Fri, 23 Feb 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7287