Land Unfit for Construction Not Taxable as Urban Asset Under Wealth Tax Act, Section 2(2ea)(ii) Exemption Applied.

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....Value of the land for Wealth Tax - Exemption u/s 2(2ea)(ii) - t if on a plot of land construction of a building is not permissible under any law then the said plot of land could not form part of urban land or the asset to be taxed under the Act - AT....