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2003 (8) TMI 17 - HC - Wealth-taxValuation of land and building and plant and machinery - "1. Whether, Tribunal was right in law in accepting the valuation of the registered valuer who valued land and building and plant and machinery at Rs. 48,32,113 whereas the Departmental Valuation Officer after considering the various factors made the valuation of the above property at Rs. 1,06,88,000? - 2. Whether, Tribunal was right in law in allowing deduction at 15 per cent, out of the valuation of land and building and plant and machinery on account of joint ownership?" - Once, the whole controversy has been decided upon existing and verified facts in the method of evaluating land and building and plant and machinery of the assessee, and valuation based upon the GAV, has been rejected, in our considered view, no question of law arises for determination.
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