https://www.taxtmi.com/caselaws?id=15220 Coffee and tea bushes are not treated as "growing crops" for exemption purposes under the Wealth-tax Act, except for the plucked tea leaves and coffee berries recognised in earlier precedent, so the exemption was not available on that basis. In computing a partner's individual net wealth, however, a share in agricultural land held through a firm can qualify for exemption, and the firm's assets exempt under section 5 are not automatically denied to the partner where the individual claim is otherwise maintainable. The result was mixed: the crop exemption point was decided against the assessee, while the partner's exemption claim was accepted. en-us Wed, 28 Jan 1998 00:00:00 +0530 Mon, 03 Aug 2009 17:32:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15220 Coffee and tea bushes are not treated as "growing crops" for exemption purposes under the Wealth-tax Act, except for the plucked tea leaves and coffee berries recognised in earlier precedent, so the exemption was not available on that basis. In computing a partner's individual net wealth, however, a share in agricultural land held through a firm can qualify for exemption, and the firm's assets exempt under section 5 are not automatically denied to the partner where the individual claim is otherwise maintainable. The result was mixed: the crop exemption point was decided against the assessee, while the partner's exemption claim was accepted. Case-Laws Wealth-tax Wed, 28 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15220