https://www.taxtmi.com/caselaws?id=62468 Estate duty and wealth-tax valuation principles are applied to multiple assets: the Calcutta house valuation was upheld because the rental-multiplier basis was not shown to be excessive; exemption claims for Kunja Kanta House and the Tulsipur house failed for want of strict statutory proof; the vacant land attached to the Tulsipur buildings was remitted for reconsideration; the Bhubaneswar land valuation was reduced to its nearer acquisition-based figure; unquoted Eastern Motors shares were sent back for fresh valuation under rule 1-D; the life policy and household goods were sustained in the estate; and the Rs. 85,000 asset addition was deleted because the debt had become unrealisable and no longer formed part of the estate. en-us Thu, 18 Jan 1979 00:00:00 +0530 Wed, 25 Jan 2012 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62468 Estate duty and wealth-tax valuation principles are applied to multiple assets: the Calcutta house valuation was upheld because the rental-multiplier basis was not shown to be excessive; exemption claims for Kunja Kanta House and the Tulsipur house failed for want of strict statutory proof; the vacant land attached to the Tulsipur buildings was remitted for reconsideration; the Bhubaneswar land valuation was reduced to its nearer acquisition-based figure; unquoted Eastern Motors shares were sent back for fresh valuation under rule 1-D; the life policy and household goods were sustained in the estate; and the Rs. 85,000 asset addition was deleted because the debt had become unrealisable and no longer formed part of the estate. Case-Laws Income Tax Thu, 18 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62468