Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2004 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2004 (2) TMI 23 - HC - Income TaxEstate Duty Act, 1953 - Valuation of property - "(1) Whether, Tribunal is right in law and on facts in directing the Assistant Controller of Estate Duty to make valuation of the house property in accordance with rule 1BB of the Wealth-tax Rules? (2) Whether, the Tribunal is right in law and on facts in holding that as regards the deduction of the debt of Rs. 3,14,345 there was no encumbrance or charge on the house property in question in respect of this debt and consequently deduction in respect of this debt would be allowable from the aggregate value of the property passing on death and not only from house property as contended by the Department?" – Both questions are answered in affirmative and in favour of the accountable person and against the Revenue.
|