https://www.taxtmi.com/caselaws?id=363528 The Tribunal upheld the Commissioner of Income Tax (A)'s decision that agricultural land used for agricultural purposes is not assessable for Wealth tax. The appeal filed by the revenue challenging the exemption claim on a property near Vijayawada, Andhra Pradesh, was dismissed. The evidence provided, including Adangal copy and VRO certificate, supported the agricultural use of the land, leading to the conclusion that the property was not urban land for Wealth tax purposes under the Wealth Tax Act, 1957. en-us Wed, 11 Jul 2018 00:00:00 +0530 Sat, 14 Jul 2018 07:47:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363528 The Tribunal upheld the Commissioner of Income Tax (A)'s decision that agricultural land used for agricultural purposes is not assessable for Wealth tax. The appeal filed by the revenue challenging the exemption claim on a property near Vijayawada, Andhra Pradesh, was dismissed. The evidence provided, including Adangal copy and VRO certificate, supported the agricultural use of the land, leading to the conclusion that the property was not urban land for Wealth tax purposes under the Wealth Tax Act, 1957. Case-Laws Wealth-tax Wed, 11 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363528