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of <h1>CEGAT rules Turn-over Tax deductible in assessable value; Collector's decision upheld.</h1> The Appellate Tribunal CEGAT, New Delhi held that Turn-over tax is deductible in determining the assessable value. The appeal was dismissed as there was ... Valuation The Appellate Tribunal CEGAT, New Delhi ruled that Turn-over tax is deductible in determining the assessable value. The appeal was dismissed as there was no infirmity in the order passed by the Collector (Appeals). (1999 (7) TMI 525 - CEGAT, New Delhi)
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