https://www.taxtmi.com/caselaws?id=409208 Agricultural land reflected as such in government records, supported by revenue certificates, evidence of cultivation and receipt of agricultural subsidy, is not to be treated as urban land for wealth-tax purposes. The note further states that a residential flat cannot be denied exemption on the basis of a 300-day holding condition where it was acquired only shortly before the relevant previous year, since that requirement was not met on the facts. On these principles, the wealth-tax additions discussed in the text were deleted and the assessee succeeded. en-us Tue, 29 Jun 2021 00:00:00 +0530 Fri, 02 Jul 2021 08:58:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409208 Agricultural land reflected as such in government records, supported by revenue certificates, evidence of cultivation and receipt of agricultural subsidy, is not to be treated as urban land for wealth-tax purposes. The note further states that a residential flat cannot be denied exemption on the basis of a 300-day holding condition where it was acquired only shortly before the relevant previous year, since that requirement was not met on the facts. On these principles, the wealth-tax additions discussed in the text were deleted and the assessee succeeded. Case-Laws Wealth-tax Tue, 29 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409208