1987 (1) TMI 36 - HC - Wealth-tax

Summary

The High Court of Delhi directed the Tribunal to refer a question of law regarding the valuation of a property owned by co-owners in Chandni Chowk. The Tribunal had directed the Wealth-tax Officer to accept the valuation shown by one co-owner based on the acceptance of the same valuation in another co-owner's case. The Department raised a question on this decision, leading to the court's direction for a consolidated case and reference of the question for decision.