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1971 (7) TMI 47 - CALCUTTA HIGH COURTWhether Tribunal was right in holding that, for the purpose of computing the assessee's net wealth under section 7(2) the written down value of the assets as per income-tax records should not be adopted - whether Tribunal, in computing the net wealth of the company should have adopted the value of the fixed assets appearing in the balance-sheet after excluding therefrom a sum of Rs. 1,88,31,309 being the amount added by way of revaluation of the assets - Whether Tribunal, in computing the net wealth of the company was justified in law in valuing the block assets at Rs. 2,63,15,524 as determined by the U.P. Government
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