https://www.taxtmi.com/caselaws?id=56854 The tribunal ruled in favor of the assessee, excluding the house known as "Garhi" from the net wealth assessment under section 2(e)(1)(ii) of the Wealth-tax Act, 1957. The decision was based on the house's functional necessity for agricultural activities, its proximity to the agricultural land, and the current role of the assessee as a cultivator. Despite historical significance, the tribunal considered the house essential for supervising agricultural operations and storing materials, concluding that it falls within the exemption provision for assets connected to agricultural use. en-us Sat, 28 Mar 1981 00:00:00 +0530 Tue, 07 Dec 2010 10:50:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56854 The tribunal ruled in favor of the assessee, excluding the house known as "Garhi" from the net wealth assessment under section 2(e)(1)(ii) of the Wealth-tax Act, 1957. The decision was based on the house's functional necessity for agricultural activities, its proximity to the agricultural land, and the current role of the assessee as a cultivator. Despite historical significance, the tribunal considered the house essential for supervising agricultural operations and storing materials, concluding that it falls within the exemption provision for assets connected to agricultural use. Case-Laws Income Tax Sat, 28 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56854