https://www.taxtmi.com/caselaws?id=404748 The Tribunal concluded that lands leased to educational trusts, with buildings constructed with appropriate approvals, are not urban vacant lands and qualify for exemption under section 5(i) of the Wealth Tax Act. The assessments were remitted to the AO for verification of additional evidence, with relief to be granted accordingly. The appeals were allowed for statistical purposes, and stay petitions were dismissed as infructuous. en-us Mon, 01 Mar 2021 00:00:00 +0530 Wed, 03 Mar 2021 10:51:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404748 The Tribunal concluded that lands leased to educational trusts, with buildings constructed with appropriate approvals, are not urban vacant lands and qualify for exemption under section 5(i) of the Wealth Tax Act. The assessments were remitted to the AO for verification of additional evidence, with relief to be granted accordingly. The appeals were allowed for statistical purposes, and stay petitions were dismissed as infructuous. Case-Laws Wealth-tax Mon, 01 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404748