https://www.taxtmi.com/caselaws?id=39856 Vehicles shown on the record to be used for agricultural operations qualified for exemption under section 5(1)(ix) of the Wealth-tax Act, because the department led no evidence of any non-agricultural use and the factual finding of agricultural use was unrebutted. The right to receive compensation for acquired agricultural land was treated as property and therefore as an asset within the wide definition of net wealth, so the compensation receivable on the valuation date was includible in wealth. One further question remained undetermined for want of a better statement of the case. en-us Tue, 20 Nov 1973 00:00:00 +0530 Tue, 20 Apr 2010 16:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39856 Vehicles shown on the record to be used for agricultural operations qualified for exemption under section 5(1)(ix) of the Wealth-tax Act, because the department led no evidence of any non-agricultural use and the factual finding of agricultural use was unrebutted. The right to receive compensation for acquired agricultural land was treated as property and therefore as an asset within the wide definition of net wealth, so the compensation receivable on the valuation date was includible in wealth. One further question remained undetermined for want of a better statement of the case. Case-Laws Wealth-tax Tue, 20 Nov 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39856