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2005 (10) TMI 64 - HC - Wealth-taxAgricultural land - exemption - "Whether, Tribunal was right in holding that the value of 2.25 acres of the land situated within the corporation limit of Tirunelveli is exempt from the wealth-tax as agricultural land, contrary to the provisions of section 2(ea), Explanation (b) of the Wealth-tax Act?" - even though there was no sale as such, the assessee owned agricultural land within the limits of Tirunelveli corporation and he had not put up any construction thereon, the assessee is entitled to claim exemption from the Wealth-tax Act for the assessment of wealth-tax. That the land in question is adjacent to the hospital is totally irrelevant. - we do not see any merit in these appeals and the same are dismissed
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