https://www.taxtmi.com/caselaws?id=433292 The Supreme Court condoned the delay in filing the appeal due to the COVID-19 pandemic, admitting it for adjudication. The Tribunal ruled in favor of the assessee, recognizing the lands at Sakarda and Kapurai as business assets not subject to wealth tax under Section 2(ea) of the Wealth Tax Act. Consequently, the additions made by the Assessing Officer were deleted, and the appeal was allowed on 16-12-2022. en-us Fri, 16 Dec 2022 00:00:00 +0530 Fri, 27 Jan 2023 08:31:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433292 The Supreme Court condoned the delay in filing the appeal due to the COVID-19 pandemic, admitting it for adjudication. The Tribunal ruled in favor of the assessee, recognizing the lands at Sakarda and Kapurai as business assets not subject to wealth tax under Section 2(ea) of the Wealth Tax Act. Consequently, the additions made by the Assessing Officer were deleted, and the appeal was allowed on 16-12-2022. Case-Laws Wealth-tax Fri, 16 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433292