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W.T.AS. NOS.411/KB AND 412/KB OF 1999-2000 versus W.T.AS. NOS.411/KB AND 412/KB OF 1999-2000


Wealth Tax Act 1963 Sections 2 (5) (ii), Explanation II, III and 17 Asset Avoidance Assessments Year 1994 95 and 1995 96 Agricultural Land or Non-Agricultural Land Review A piece of land was obtained. The housing scheme which issued an objection certificate for the flat site was subject to payment of exchange fee which was not paid and no object certificate was withdrawn. Because the flat site Assisi had termed the land as agricultural land for years. It is requested that it was converted from agricultural to residential on 11 11 1995 by the Assessing Officer of the Surveying Officer that the property was for construction and sale purposes and was subject to the imposition of wealth tax. The founding officer of the authority was not legitimate that the land was not considered a residential area The role of the underground agricultural land in question has long been lost. Was a flat site and consequently the value of the property as per the collector's assessment for tax purposes The Estimates. Previously, facts and law were not considered in the proper context of the appellate authority; the appellate authority's finding was restored by the appellate tribunal on appeal to the appellate tribunal.

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