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Commissioner of Wealth Tax Versus L.N. Ahuja

2000 (7) TMI 982 - DELHI HIGH COURT

WT Ref. No. 112, 113, 114, 115, 116, 117, 118, 119 of 1982 - Dated:- 6-7-2000 - Arijit Pasayat (CJ) And D. K. Jain, JJ. For the Petitioner : Sanjiv Khanna and Ajay Jha JUDGMENT Arijit Pasayat, CJ. At the instance of Revenue following questions, in a .....

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(for short the Act), for opinion of this Court. "1. Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that the WTO had no valid authority under s. 7(1) of the WT Act to estimate the market value o .....

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erties was ₹ 3,60,000 ?" 2. In our opinion, since the second question is only consequently, answer to the first question would suffice. 3. Factual position, which is almost undisputed, is as follows : Assessee had filed return for each of .....

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the WTO had no power to determine, without reference to the Valuation Officer, the market value of a property which is higher than ₹ 50,000 of the value declared by the assessee in his return. The Appellate Assistant Commissioner (in short the .....

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