Nature of the asset - If the construction was partly completed ...
Case Laws Wealth-tax
August 8, 2013
Nature of the asset - If the construction was partly completed or the building is under construction, in that case the exception engrafted in the definition of the words “urban land“ does not get attracted - In that event the urban land or undivided interest of the assesse continues to be open for taxation within the category of urban land - HC
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