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Wealth-tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Valuation of vacant land attached to the Property - Property ...


Supreme Court Rules Incorrect Valuation of Vacant Land Under Ceiling Act Affects Wealth Tax Assessments.

September 24, 2015

Case Laws     Wealth-tax     SC

Valuation of vacant land attached to the Property - Property which had come within the mischief of the Ceiling Act - Such estimation of the price which the asset would have fetched if sold in the open market on the valuation date(s), would clearly be wrong - SC

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