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2009 (7) TMI 29 - HC - Wealth-taxLand – Urban Land – Taxability under wealth tax - any land on which construction of building is not permitted under any law for the time being in force in the area in which such a land is situated, was not to be included in the expression ‘urban land’ - the land occupied by any building which has been constructed with the approval of the appropriate authority would also not be included in the expression ‘urban land’. - the farm house constructed on the farm land would not be regarded as ‘urban land’ as no construction on such land was permissible. Wealth Tax is not payable – Decision of Delhi High Court in the Matter of DCM Ltd. [2008 -TMI - 13326 - DELHI High Court] followed
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