https://www.taxtmi.com/caselaws?id=7625 The High Court held that the disputed land was not considered agricultural land for the Wealth-tax Act due to insufficient evidence of agricultural use on the valuation date. The land's location in a residential area and its high sale price supported this conclusion. The Tribunal's decision was upheld, ruling against the assessee's appeal. en-us Sat, 16 Aug 1969 00:00:00 +0530 Thu, 05 Mar 2009 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7625 The High Court held that the disputed land was not considered agricultural land for the Wealth-tax Act due to insufficient evidence of agricultural use on the valuation date. The land's location in a residential area and its high sale price supported this conclusion. The Tribunal's decision was upheld, ruling against the assessee's appeal. Case-Laws Wealth-tax Sat, 16 Aug 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7625