Factory Land Retains Status Under Wealth Tax Act Section 2(ea) Despite Sale as 'Land' for Tax Purposes.

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....Factory land - asset u/s 2(ea) of the Wealth tax act – There may be situations in which a part of factory land may be sold as ‘land’ but as long as it is a part of the factory, it cannot have any other character in the hands of the assessee than factory as such. - AT....