https://www.taxtmi.com/caselaws?id=7973 Continuous agricultural use of land during the relevant period is prima facie evidence of its agricultural character for net wealth purposes. That presumption can be displaced only by surrounding circumstances showing that the land has in substance ceased to be agricultural, such as residential development, building activity, road access, or actual intended non-agricultural use. On the facts stated, the lands were continuously cultivated, there was no residential development nearby, no road access, and no attempt by the owner or purchasers to use them non-agriculturally. Draft town planning and plotting on yardage basis showed only enhanced potential value and did not change the intrinsic character of the lands, which were treated as agricultural and excluded from net wealth. en-us Mon, 14 Sep 1970 00:00:00 +0530 Thu, 26 Mar 2009 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7973 Continuous agricultural use of land during the relevant period is prima facie evidence of its agricultural character for net wealth purposes. That presumption can be displaced only by surrounding circumstances showing that the land has in substance ceased to be agricultural, such as residential development, building activity, road access, or actual intended non-agricultural use. On the facts stated, the lands were continuously cultivated, there was no residential development nearby, no road access, and no attempt by the owner or purchasers to use them non-agriculturally. Draft town planning and plotting on yardage basis showed only enhanced potential value and did not change the intrinsic character of the lands, which were treated as agricultural and excluded from net wealth. Case-Laws Wealth-tax Mon, 14 Sep 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7973