2011 (1) TMI 205

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..... it is not asset chargeable to wealth-tax with in the meaning of clause (ea) of section 2
ADARSH KUMAR GOEL, AJAY KUMAR MITTAL, JJ. T.K. Joshi for the Appellant. K.K. Kang for the Respondent. ORDER Adarsh Kumar Goel, J. - This appeal has been preferred by the revenue under section 27A of the Wealth-tax Act, 1957 (for short, "the Act") against the order of the Income-tax Appellate Tribuna .....

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..... , the assessee objected to inclusion of the land in dispute in the definition of assets under section 2(ea) of the Act on the ground that the land was agricultural land beyond the prescribed distance from the municipal limits. The Assessing Officer rejected the said objection but the CWT(A) sustained the same, which has been affirmed by the Tribunal. The CWT(A) observed :-- "4.3. ... The issue in .....

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..... beyond the notified distance from the municipal limit was perverse. In any case, consistent with the order in the connected case, matter should have been remanded to the Assessing Officer. 5. Learned counsel for the assessee points out that in the case of Kulbir Singh, the matter was remanded to the Assessing Officer and though the Assessing Officer held the land to be within the prescribed dista .....

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