Enquiries while valuing the articles u/s 5(1)(viii) of the Wealth-tax Act, 1957.

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..... 317/3/72-W.T. Wherein the Board desired that you may impress upon all the Officers in your charge to keep in mind the Finance Minister's observations, made during the course of the debate on the Budget for the year 1971-72, so as not to enter into pettifogging enquiries while valuing the articles mentioned in the proviso to clause (viii) of sub-section (1) of Section 5 of the Wealth-tax Act, 1957 .....

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..... to suspect the officers need not be meticulous in trying to determine the extent of the precious metal content. 3. The contents of the above instructions may kindly be brought to the notice of all the officers working in the charge and compliance should be ensured. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanageme .....

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