9911796707
|
Home
Issues:
1. Exemption of land from wealth tax as agricultural land. Detailed Analysis: The judgment by the Appellate Tribunal ITAT Jaipur pertains to three appeals by the assessee against the consolidated order of the CWT (Appeals), Jodhpur for the assessment years 1983-84, 1984-85, and 1985-86, all related to the same issue of whether a piece of land is exigible to wealth tax as agricultural land. The appellant contended that the land in question, measuring 2-1/2 bighas and 2 biswas at Moti Magri, Udaipur, was agricultural land and hence not subject to wealth tax under section 2(e) of the Wealth Tax Act, 1957. The appellant, represented by Mr. N.M. Ranka, argued that the land was used for agricultural purposes as evidenced by the Khasra girdawari records and other supporting documents provided to the authorities. The contention was that the land was cultivated and utilized for agricultural activities, making it eligible for exemption from wealth tax. The appellant relied on various legal precedents to support the argument that even if the land remained fallow for a period, it could still be considered agricultural land based on its historical use and revenue records. On the other hand, the Departmental Representative argued that the location of the land within municipal limits and the issuance of acquisition notices indicated that the land's character was not purely agricultural. The representative contended that the mere entries in revenue records were not conclusive evidence of the land's nature and that the Tribunal should determine the agricultural status of the land afresh, considering all relevant factors. After considering the submissions and precedents cited by both parties, the Tribunal found in favor of the appellant. The Tribunal observed that the land was indeed used for agricultural purposes based on the evidence provided, and the mere location within municipal limits did not automatically disqualify it from being classified as agricultural land. The Tribunal emphasized the principle that the burden of proof lies on the party making the allegation, and in this case, the appellant had sufficiently demonstrated the agricultural nature of the land. Therefore, the appeals of the assessee were allowed, concluding that the land in question qualified as agricultural land and was exempt from wealth tax.
|
