Home Case Index All Cases Wealth-tax Wealth-tax + HC Wealth-tax - 2004 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2004 (5) TMI 10 - HC - Wealth-tax"(1) Whether, the Tribunal is right in law and on facts in allowing 1/6th as repairs irrespective of the fact that the assessee has incurred any expenditure on repairs, though the same is not allowable deduction in the Wealth-tax Act for valuation purposes? (2) Whether, the Tribunal is right in law and on facts in allowing collection charges at Rs. 10,578 as against the Wealth-tax Officer allowing this expenditure to the extent of Rs. 3,600?" - Tribunal is right in allowing 1/6th as repairs irrespective of the fact whether the assessees have incurred any expenditure on repairs though the same is not allowable deduction in the Act for valuation purposes and also is right in law and on facts in allowing collection charges at Rs. 10,578 as against the Wealth-tax Officer allowing this expenditure to the extent of Rs. 3,600. We, therefore, answer both the questions in the affirmative, i.e., in favour of the assessees and against the Revenue
|