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2013 (7) TMI 558 - AT - Wealth-taxValuation of land - Assessing Officer made the valuation by increasing the 10% appreciation - CIT deleted same - Held that:- assets being business assets, its value was to be determined as per Rule 14 and not as per Rule 20 of Schedule III - It is only if any condition under Rule 8 is satisfied, that the assessing authority could have referred to and determine the value under Rule 20 - Following decision of M/s Sahara India Savings and Investment Corporation Ltd. Vs. ACIT [2010 (9) TMI 824 - ALLAHABAD HIGH COURT] - Decided against Revenue.
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