https://www.taxtmi.com/caselaws?id=63024 The Tribunal partly allowed the appeals for both assessment years, directing the valuation of the Hirangaon factory based on the fixed annual rent of Rs. 21,000, excluding the commission. The valuation of the actionable claim and the inclusion of the Jainnagar property in the appellant's wealth were upheld. The Tribunal also directed the exemption under section 5(1)(iv) of the Wealth-tax Act to be applied to the entire Jainnagar property. en-us Thu, 21 Apr 1988 00:00:00 +0530 Thu, 27 Jan 2011 13:39:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63024 The Tribunal partly allowed the appeals for both assessment years, directing the valuation of the Hirangaon factory based on the fixed annual rent of Rs. 21,000, excluding the commission. The valuation of the actionable claim and the inclusion of the Jainnagar property in the appellant's wealth were upheld. The Tribunal also directed the exemption under section 5(1)(iv) of the Wealth-tax Act to be applied to the entire Jainnagar property. Case-Laws Wealth-tax Thu, 21 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63024