https://www.taxtmi.com/caselaws?id=379713 Property used as a commercial or industrial asset, and supported by industrial-use evidence such as a no-objection certificate, industrial electricity billing, and municipal treatment as non-residential, was not treated as urban land for wealth-tax purposes. The later sale of the property with the structure standing on it did not change its character for the relevant assessment years. On that basis, the disputed addition was deleted under the Wealth Tax Act. en-us Fri, 03 May 2019 00:00:00 +0530 Tue, 07 May 2019 06:22:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379713 Property used as a commercial or industrial asset, and supported by industrial-use evidence such as a no-objection certificate, industrial electricity billing, and municipal treatment as non-residential, was not treated as urban land for wealth-tax purposes. The later sale of the property with the structure standing on it did not change its character for the relevant assessment years. On that basis, the disputed addition was deleted under the Wealth Tax Act. Case-Laws Wealth-tax Fri, 03 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379713