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2015 (4) TMI 230 - HC - Wealth-taxValuation of property - Whether Tribunal was right in holding that the written down value of the cars and jeeps owned by the assessee should be taken as the market value for the purposes of wealth tax - Held that:- Following decision of Commissioner of Wealth Tax v. T.V.Sundaram Iyengar and Sons Ltd. [2006 (1) TMI 45 - HIGH COURT, MADRAS] - there is no material produced before us by the Revenue to show that the written down value does not represent the market value of the vehicles. Therefore, the said decision applies to the facts of the present case on all fours - Decided against Revenue.
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