TMI Blog1982 (2) TMI 143X X X X Extracts X X X X X X X X Extracts X X X X ..... e of late Smt, Shantidevi passing on her death. 2. The first ground of appeal is general in nature and, therefore, calls for no consideration. 3. In the second, third and fourth grounds of appeal, the value of the house property being plot No. 4, Industrial Area, Sriganganagar, has been disputed. The deceased owned the above property. The accountable person showed the value of the above proper ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... edings. It was, therefore, urged on behalf of the assessee that there could not be increase in value from Rs. 2,25,000 as on 11-4-1975 to Rs. 2,76,000 as on 15-5-1975, i.e., all increase of Rs. 51,000 in a period of one month. The learned departmental representative has supported the order of the Appellate Controller. We are inclined to accept the submissions made by the learned counsel of the ass ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ate Controller is modified. 4. In the fifth ground of appeal, it has been stated that the Appellate Controller has erred in adopting the value of house at 23-C Block, at Sri Ganganagar at Rs. 46,000 as against Rs 36,000 declared by the assessee. 5. The Assistant Controller estimated the value of this property at Rs. 56,000. The AAC has reduced the same at Rs. 46,000 as against Rs. 36,000 shown ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ealth-tax Act, this property has been valued by the WTO for the assessment year 1975-76 at Rs. 3,00,000. It would, therefore, be reasonable to value this property at Rs. 3,00,000 for estate duty purposes as well. The Appellate Controller has valued it at Rs. 3,00,000 only. We, therefore, do not find any infirmity in the order of the Appellate Controller so far as this ground of appeal is concerned ..... X X X X Extracts X X X X X X X X Extracts X X X X
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