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2018 (1) TMI 34 - AT - Wealth-taxWealth tax assessment - treatment to agricultural land - Held that:- Agricultural land on its conversion for nonagricultural purposes ceased to be an agricultural land. Therefore, it becomes an asset for the purposes of Wealth-tax Act. See Shri. A.N. Manidatta (HUF) , Versus Assistant Commissioner of Wealth-Tax, Circle -2 (2) (1) , Bengaluru [2017 (3) TMI 1603 - ITAT BANGALORE]
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