https://www.taxtmi.com/caselaws?id=288065 The Tribunal upheld the decision of the ld. CIT (A) that the property in question is an industrial establishment exempt from Wealth Tax. The department's appeals were dismissed, confirming that the property was not chargeable to Wealth Tax under section 2(ea) of the Wealth-tax Act, 1957. The assessment re-opening was deemed valid despite procedural lapses, and the property was considered industrial land, valued at industrial rates for exemption under section 5(1)(vi) of the Act. en-us Fri, 10 Jun 2011 00:00:00 +0530 Sat, 16 May 2020 12:15:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288065 The Tribunal upheld the decision of the ld. CIT (A) that the property in question is an industrial establishment exempt from Wealth Tax. The department's appeals were dismissed, confirming that the property was not chargeable to Wealth Tax under section 2(ea) of the Wealth-tax Act, 1957. The assessment re-opening was deemed valid despite procedural lapses, and the property was considered industrial land, valued at industrial rates for exemption under section 5(1)(vi) of the Act. Case-Laws Income Tax Fri, 10 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288065