https://www.taxtmi.com/caselaws?id=19957 The court ruled in favor of the assessee on the issue of whether agricultural lands qualified as 'business premises' under the Wealth-tax Act, exempting them from additional wealth-tax. The court relied on previous decisions and answered in the affirmative against the Revenue. The second issue, regarding the valuation of agricultural land, was answered against the assessee based on a prior ruling. The court concluded that the valuation question did not apply to the case as the asset value had already been determined. Therefore, the court found no legal question arising from the valuation of assets at Rs. 9 per square yard for the assessment year 1974-75. en-us Mon, 03 May 1993 00:00:00 +0530 Tue, 10 Nov 2009 18:04:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19957 The court ruled in favor of the assessee on the issue of whether agricultural lands qualified as 'business premises' under the Wealth-tax Act, exempting them from additional wealth-tax. The court relied on previous decisions and answered in the affirmative against the Revenue. The second issue, regarding the valuation of agricultural land, was answered against the assessee based on a prior ruling. The court concluded that the valuation question did not apply to the case as the asset value had already been determined. Therefore, the court found no legal question arising from the valuation of assets at Rs. 9 per square yard for the assessment year 1974-75. Case-Laws Wealth-tax Mon, 03 May 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19957