https://www.taxtmi.com/caselaws?id=367831 BIAPPA was held not to be an authority equivalent to a municipality or cantonment board for determining whether the lands were urban land, and the Tribunal followed its earlier decisions in the assessees' own and related co-owner matters. It also held that the substituted wording in section 2(14)(iii)(b) of the Income-tax Act, 1961, introduced from 01.04.2014, could not be applied retrospectively to assessment year 2007-08. Applying the law relevant to that year, the distance from BBMP limits had to be measured by road rather than by aerial distance. On that basis, the lands were treated as agricultural land and not as urban land exigible to wealth-tax. en-us Fri, 17 Aug 2018 00:00:00 +0530 Thu, 27 Sep 2018 06:42:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367831 BIAPPA was held not to be an authority equivalent to a municipality or cantonment board for determining whether the lands were urban land, and the Tribunal followed its earlier decisions in the assessees' own and related co-owner matters. It also held that the substituted wording in section 2(14)(iii)(b) of the Income-tax Act, 1961, introduced from 01.04.2014, could not be applied retrospectively to assessment year 2007-08. Applying the law relevant to that year, the distance from BBMP limits had to be measured by road rather than by aerial distance. On that basis, the lands were treated as agricultural land and not as urban land exigible to wealth-tax. Case-Laws Wealth-tax Fri, 17 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367831