https://www.taxtmi.com/caselaws?id=64623 The Tribunal upheld the Appellate Assistant Commissioner's revised valuations based on the sale prices of properties in 1971 for Wealth-tax purposes for the assessment years 1964-65 to 1967-68. The Tribunal rejected the Revenue's argument for using the net Annual Letting Value method, considering the unique circumstances of the properties being let out to embassies. The Tribunal found the AAC's approach fair and reasonable, leading to the dismissal of the appeals. en-us Wed, 14 Apr 1976 00:00:00 +0530 Wed, 09 Feb 2011 10:44:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64623 The Tribunal upheld the Appellate Assistant Commissioner's revised valuations based on the sale prices of properties in 1971 for Wealth-tax purposes for the assessment years 1964-65 to 1967-68. The Tribunal rejected the Revenue's argument for using the net Annual Letting Value method, considering the unique circumstances of the properties being let out to embassies. The Tribunal found the AAC's approach fair and reasonable, leading to the dismissal of the appeals. Case-Laws Wealth-tax Wed, 14 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64623