Valuation of agricultural land under the Wealth-tax Act, 1957, in respect of plantations--Extending the scope of Circular No. 357, dated 26th March, 1983, regarding valuation of coffee plantation - Income Tax - 608/1991

Valuation of agricultural land under the Wealth-tax Act, 1957, in respect of plantations--Extending the scope of Circular No. 357, dated 26th March, 1983, regarding valuation of coffee plantation Circular No. 608 Dated 25/7/1991 Circular No.357, dated 26th March, 1983 (See [983] 143 ITR (St.) 4), prescribing guidelines for valuation of land comprised in coffee plantation, was made applicable only to the Karnataka Charge. 2. The scope of this circular has since been reviewed and it is decided that the procedure laid down for the valuation of coffee plantations will apply in respect of coffee plantations all over the country. (Sd.) K. Vasudevan, Director (OT), Central Board of Direct Taxes.