Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Wealth-tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Once the learned CWT(A) held the land of the assessee to be ...

Wealth-tax

September 26, 2015

Once the learned CWT(A) held the land of the assessee to be exempt on one count, i.e., the land being classified as agricultural land in the records of the Govt. and used for agricultural purposes, this finding was sufficient to delete the addition for the purpose of wealth tax - AT

View Source

 


 

You may also like:

  1. Classification of goods imported as ‘Video Door Phone’ - Learned authority rightly classified the goods under the CTH 8517

  2. Penalty u/s 271(1)(c) – assessee has bonafide belief in making the claim that gain arising out of sale of agricultural land is exempt from tax - no penalty - AT

  3. The quit rent / lease rent paid to Kerala Government on the land used for agricultural purpose ie, Coffee Plantation be classified under HSN 9986 and eligible for...

  4. Nature of land sold appurtenant to the bungalow - whether agricultural land within the meaning of Section 2(14)(a)(iii) of the Act and hence, its sale proceeds are...

  5. Nature of sale of land - whether plot of land is agricultural land or non agricultural land - classified as dry land for which Kisthu has been paid - the land in...

  6. Rectification of order u/s 254(2) of the act – The tribunal cannot decide whether profit on sale of land is exempt from capital gains on the ground the land is...

  7. Services in the nature of change of land use, commercial building approval, utility services provided by Government or a local authority shall be exempted.

  8. Liability to deduct tax at source u/s 194LA or u/s 194IA - payments of compensation for acquisition of land - income is exempted in the hands of recipients - No TDS liability - HC

  9. CE–When one notification Exempts any product unconditionally other notification granting exemption to be ignored, assessee can not avail Cenvat credit

  10. Nature of land sold - Agricultural land or capital asset - Though the circumstance that the land is classified as Agricultural in the revenue records is in favour of the...

 

Quick Updates:Latest Updates