2017 (11) TMI 227

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..... land at Suratas referred to at the course of hearing on behalf of the assessee that aforesaid agricultural land was held as agricultural land and cultivated for agricultural purposes. Likewise, reference was made to the purchasedeed dated 23/10/2008 for acquisition of the land at Vadaj in the course of hearing. From specific assertions in the sale-deed, we note that the aforesaid land was claimed .....

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..... ioner of Wealth Tax(Appeals)-4, Ahmedabad [CWT(A) in short] dated 21/10/2015 for the Assessment Year (AY) 2009-10 in the matter of wealth-tax assessment order dated 10/10/2014. 2. The assessee has assailed the action of the CWT(A) in confirming the chargeability of wealth-tax on certain parcels of land amount of ₹ 1,18,070 (agricultural land at Surat, Survey No.661) and ₹ 24,62,500/ .....

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..... been held as agricultural land and used for agricultural purposes and therefore falls within the exclusion provided in the definition of Urban Land It was thus claimed that the agricultural land are exempt from the purview of wealth-tax. We notice from the purchase-deed dated 09/09/2005 with reference to agricultural land at Suratas referred to at the course of hearing on behalf of the assessee .....

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