Determination of net business assets: required adjustments when valuing business assets under wealth tax rules provision omitted. Determination of the net value of the assets of a business as a whole required the assessing officer to value the business with regard to its balance sheet and to make the specified adjustments provided in subsequent rules; this provision (Rule 2A) was omitted by amendment.
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Provisions expressly mentioned in the judgment/order text.
Determination of net business assets: required adjustments when valuing business assets under wealth tax rules provision omitted.
Determination of the net value of the assets of a business as a whole required the assessing officer to value the business with regard to its balance sheet and to make the specified adjustments provided in subsequent rules; this provision (Rule 2A) was omitted by amendment.
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