https://www.taxtmi.com/caselaws?id=406153 The High Court acknowledged the amended provision exempting urban agricultural land from wealth tax with retrospective effect and the CBDT circular allowing refunds for taxes paid on such land. The court emphasized that claimants could seek refunds through revised returns, rectification applications, or Revision Applications under Section 25 of the Act before the Jurisdictional Commissioner of Wealth-tax. The court directed the respondent authority to hear and decide the Revision Application for refund within two months, focusing on the application's merits without raising technical issues like limitation. The court discharged the notice, concluding the disposal of the writ application. en-us Tue, 16 Mar 2021 00:00:00 +0530 Wed, 07 Apr 2021 09:20:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406153 The High Court acknowledged the amended provision exempting urban agricultural land from wealth tax with retrospective effect and the CBDT circular allowing refunds for taxes paid on such land. The court emphasized that claimants could seek refunds through revised returns, rectification applications, or Revision Applications under Section 25 of the Act before the Jurisdictional Commissioner of Wealth-tax. The court directed the respondent authority to hear and decide the Revision Application for refund within two months, focusing on the application's merits without raising technical issues like limitation. The court discharged the notice, concluding the disposal of the writ application. Case-Laws Wealth-tax Tue, 16 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406153