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2015 (11) TMI 980 - AT - Wealth-taxAddition in the value of wealth - whether the CWT(A), right in holding the impugned lands are urban lands and the BIAPPA is municipality or notified area as defined in section 2(14)(iii) of the Act - Held that:- respectfully following the co-ordinate bench decisions in assessee own case in [2015 (11) TMI 951 - ITAT BANGLORE]and also coordinate bench decision, we hold that the impugned lands are not urban lands within the meaning of section 2(ea) of the Wealth tax Act, 1957 and not exigible to wealth-tax. Accordingly, we set aside the CWT(A) order and delete the additions made by the assessing Officer. - charging of interest is mandatory and consequential, wherever there is a incidence of tax - Decided partly in favour of assessee.
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