https://www.taxtmi.com/caselaws?id=63157 The Tribunal ruled in favor of the assessees in a wealth tax assessment case concerning properties in New Delhi. It found no evidence of collusion in rental income and deemed the valuation method flawed. The exclusion of reversionary land value and allowance for repairs and maintenance deductions were upheld. As a result, the assessees' appeals were allowed, while those filed by the Department were dismissed. en-us Thu, 14 May 1987 00:00:00 +0530 Fri, 28 Jan 2011 11:11:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63157 The Tribunal ruled in favor of the assessees in a wealth tax assessment case concerning properties in New Delhi. It found no evidence of collusion in rental income and deemed the valuation method flawed. The exclusion of reversionary land value and allowance for repairs and maintenance deductions were upheld. As a result, the assessees' appeals were allowed, while those filed by the Department were dismissed. Case-Laws Wealth-tax Thu, 14 May 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63157