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2016 (5) TMI 980 - AT - Wealth-taxValuation of immovable properties - matter refereed to Department Valuer for determining the fair market value - Held that:- While deciding the issue in favour of assessee ld.CWT(A) has given a finding that identical issue about the valuation of same property arose in assessee’s case for AYs 1987-88 & 1988-89 and that the Co-ordinate Bench of Tribunal had decided the issue in favour of assessee. Accordingly, the claim of the appellant that the valuation proposed by it on the basis of registered valuation report should be accepted appears to be justified and is acceptable. The valuation made by the AO is therefore, set aside and that filed by the appellant is directed to be adopted
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