Levy of wealth-tax on agricultural lands etc.

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..... tc were included in the definition of assets in clause(e) of sec.2 of the wealth-tax Act and were accordingly made liable to wealth-tax subject to the exemptions available. 2. By a majority judgement dated 28th September 1970 their lordships of the Punjab and Harayana High court at Chandigarh have in respect of civil writ No.2673 of 1970 issued a direction to the effect that the W.T.Act as amend .....

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..... h-tax officers no further action, not even by way of survey of agricultural lands etc., in the direction of assessment of wealth-tax on agricultural assets should be taken unless the decision of the Punjab and Harayana high court is reversed or unless the Supreme Court gives a different decision in the matter in any other case. Necessary instructions in this regard may be issued by the Commissione .....

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