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Wealth-tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Declared value of the jewellery while framing the assessment of ...

Wealth-tax

April 9, 2016

Declared value of the jewellery while framing the assessment of Wealth tax - Assessee permitted to use the valuation report given by an approved valuer for a particular year for next four years with appropriate adjustment only for the change in value of metal contained in jewellery. No fault for not including appropriate adjustment/appreciation for the change in value of stones. - AT

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