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2002 (11) TMI 27 - GUJARAT HIGH COURTProperty – valuation - "1. Whether, on the facts and in the law, the determination of the value of the property by the Commissioner of Wealth-tax (Appeals) as confirmed by the Appellate Tribunal is correct ? - 2. Whether, in law and on facts, only 1,000 sq. mtr. was required to be valued at the rate adopted by the Wealth-tax Officer but 10,090 sq. mtr. was required to be valued at the rate of Rs. 10 per sq. yd. ? - 3. Whether, in law and on facts, the value of Rs. 7,87,658 for the assessment year 1979-80 and Rs. 9,17,638 for the assessment years 1980-81 and 1981-82 adopted by the Commissioner of Wealth-tax (Appeals) is correct ?" - we answer all the questions in the affirmative, i.e., in favour of the assessee and against the Revenue.
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