https://www.taxtmi.com/caselaws?id=369089 The Tribunal upheld the Commissioner of Wealth-tax (Appeals) [CIT(A)]'s decisions that agricultural lands within municipal limits, classified as agricultural in government records and used for agricultural purposes, are exempt from wealth tax. Additionally, non-agricultural lands under construction, where construction activities have commenced as evidenced by development agreements and commencement letters, are not liable for wealth tax. The Tribunal dismissed all appeals by the Revenue, affirming the CIT(A)'s findings for the assessment years in question. en-us Thu, 18 Oct 2018 00:00:00 +0530 Mon, 22 Oct 2018 09:49:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369089 The Tribunal upheld the Commissioner of Wealth-tax (Appeals) [CIT(A)]'s decisions that agricultural lands within municipal limits, classified as agricultural in government records and used for agricultural purposes, are exempt from wealth tax. Additionally, non-agricultural lands under construction, where construction activities have commenced as evidenced by development agreements and commencement letters, are not liable for wealth tax. The Tribunal dismissed all appeals by the Revenue, affirming the CIT(A)'s findings for the assessment years in question. Case-Laws Wealth-tax Thu, 18 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369089