https://www.taxtmi.com/caselaws?id=374130 Land recorded as agricultural in sale deeds and revenue records, with no evidence of non-agricultural use or lawful permission for construction, fell within the exclusion from "urban land" under Explanation 1(b) to section 2(ea) of the Wealth-tax Act as amended by the Finance Act, 2013 with retrospective effect. The ITAT held that such land was not includible as an asset for wealth-tax purposes, so the wealth-tax addition on alleged urban land was unsustainable and was deleted. en-us Thu, 24 Jan 2019 00:00:00 +0530 Mon, 28 Jan 2019 07:45:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374130 Land recorded as agricultural in sale deeds and revenue records, with no evidence of non-agricultural use or lawful permission for construction, fell within the exclusion from "urban land" under Explanation 1(b) to section 2(ea) of the Wealth-tax Act as amended by the Finance Act, 2013 with retrospective effect. The ITAT held that such land was not includible as an asset for wealth-tax purposes, so the wealth-tax addition on alleged urban land was unsustainable and was deleted. Case-Laws Wealth-tax Thu, 24 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374130