9911796707
TMI Blog2013 (4) TMI 832X X X X Extracts X X X X X X X X Extracts X X X X ..... (India) Ltd. wherein eucalyptus trees have been grown and were found to be utilized for industrial packing purposes is concerned, the CWT(A) decided the matter in favour of the assessee and the stand taken by the assessee has been accepted after the cases were set aside by the Tribunal pertaining to the assessment years 1996-97 to 1998-99 vide orders dated 24.12.2007. Regarding land measuring 44 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ring 3.60 acres and 22.1 acres is involved and as such, these appeals filed by the assessee as well as by the revenue in respect of the cases of M/s Industrial Cables (India) Ltd. with regard to 3.60 acres and 22.1 acres of land are hereby dismissed. The rest of the appeals filed by the assessee M/s Industrial Cables (India) Ltd. pertaining to 44 acres of land are covered by the decision of the Su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9 by the Wealth Tax Officer, who decided to charge wealth tax on the land measuring 3.60 acres. The said order was challenged in appeal before CWT(A) wherein he allowed the relief to the extent of 1/3rd portion treating the said land not chargeable to Wealth Tax, whereas 2/3rd portion was held chargeable to Wealth Tax and the said findings of fact have been confirmed by the Tribunal. In respect of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... chargeable to the wealth tax, the finding of the Wealth Tax Officer was reversed by the CWT(A), whereas the Tribunal has again upheld the order of the Wealth Tax Officer holding that it is chargeable to the wealth tax. It is stated that the said issue is covered by the decision of the Supreme Court in the case of Jagraj Singh Mann v. Commnr. of Wealth Tax, Patiala and another, Civil Appeal No.349 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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