2021 (4) TMI 269

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....t of mandamus and/or any other writ direction or order directing the respondents to grant refund of wealth tax paid on urban agricultural land to the petitioner along with statutory interest as claimed, as per the provisions of the Wealth Tax Act; (B) Award the Cost of this petition. (C) Grant such other and further reliefs as this Hon'ble Court deems fit." 2. The writ applicant, being a Karta of HUF of late Shri Visnubhai M. Patel, filed return under the Wealth Tax Act, 1957, (hereinafter referred to as 'the Act' for short), on 30.09.2008 for the AY 2011- 12. 3. It is the case of the writ applicant that while filing the return of wealth, in absence of clarity of legal position regarding taxability of wea....

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....oard of Direct Taxes (the Board) that assessees had paid wealth-tax on such agricultural land as per the provisions of the Act as they existed prior to Finance Act, 2013. In view of the amendment brought by the Finance Act, 2013 w.e.f. 1.4.1993, the wealth-tax paid in respect of such land is required to be refunded. However, the time-limit for filing revised return or application for rectification for the purpose of claiming refund has expired in several cases. 3. With a view to avoid genuine hardship and in exercise of the powers conferred under Section 10(2)(b) of the Wealth-tax Act, the Board hereby authorizes Principal Commissioner / Commissioners of Wealth-tax to admit application for revision under Section 25 of the Act from ....