https://www.taxtmi.com/caselaws?id=281997 Urban land is excluded from wealth-tax where construction is impermissible under the applicable plan or local authority permission is refused, and the Tribunal applied that principle to several properties at Alwar and Rishikesh. It also followed parity with earlier co-owner decisions on identical facts, accepted agricultural character where revenue records and purchase documents supported it, and rejected inclusion of property standing in the names of adult daughters absent any finding of benami ownership. For the Paharganj room, the sale price matching the assessee's adopted value justified interference with the higher valuation. Overall, the disputed properties were treated as outside taxable wealth. en-us Wed, 16 Nov 2011 00:00:00 +0530 Wed, 17 Jul 2019 11:36:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281997 Urban land is excluded from wealth-tax where construction is impermissible under the applicable plan or local authority permission is refused, and the Tribunal applied that principle to several properties at Alwar and Rishikesh. It also followed parity with earlier co-owner decisions on identical facts, accepted agricultural character where revenue records and purchase documents supported it, and rejected inclusion of property standing in the names of adult daughters absent any finding of benami ownership. For the Paharganj room, the sale price matching the assessee's adopted value justified interference with the higher valuation. Overall, the disputed properties were treated as outside taxable wealth. Case-Laws Wealth-tax Wed, 16 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281997