https://www.taxtmi.com/caselaws?id=400318 The High Court of Madras dismissed Revenue's appeals under the Wealth Tax Act, challenging the interpretation of 'urban land' and construction permissions within the Coastal Regulation Zone. The Court applied Circular No.5/2019, setting a threshold for pursuing appeals based on tax effect. The property in Neelankarai village was deemed unbuildable, not meeting urban land criteria. The Court found no substantial legal questions, leading to the dismissal of Revenue's appeals and connected CMPs, with no costs awarded. en-us Thu, 01 Oct 2020 00:00:00 +0530 Wed, 04 Nov 2020 09:16:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400318 The High Court of Madras dismissed Revenue's appeals under the Wealth Tax Act, challenging the interpretation of 'urban land' and construction permissions within the Coastal Regulation Zone. The Court applied Circular No.5/2019, setting a threshold for pursuing appeals based on tax effect. The property in Neelankarai village was deemed unbuildable, not meeting urban land criteria. The Court found no substantial legal questions, leading to the dismissal of Revenue's appeals and connected CMPs, with no costs awarded. Case-Laws Wealth-tax Thu, 01 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400318