https://www.taxtmi.com/caselaws?id=28274 Agricultural land situated in an urban area may qualify as "business premises" for wealth-tax purposes if it is owned and used throughout the relevant year for systematic agricultural operations carried on with labour, capital and a profit-oriented course of dealings. On that reasoning, such land falls outside the charge of additional wealth-tax on urban assets. The same High Court also treated the assessee's status as a Hindu undivided family as correctly assigned in the connected reference, following binding Full Bench authority. en-us Fri, 02 Nov 1979 00:00:00 +0530 Sat, 20 Feb 2010 11:30:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28274 Agricultural land situated in an urban area may qualify as "business premises" for wealth-tax purposes if it is owned and used throughout the relevant year for systematic agricultural operations carried on with labour, capital and a profit-oriented course of dealings. On that reasoning, such land falls outside the charge of additional wealth-tax on urban assets. The same High Court also treated the assessee's status as a Hindu undivided family as correctly assigned in the connected reference, following binding Full Bench authority. Case-Laws Wealth-tax Fri, 02 Nov 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28274