https://www.taxtmi.com/caselaws?id=65066 For wealth-tax valuation, a flat not yet conveyed by registered deed may be assessed on the basis of the assessee's limited possessory interest, and imperfect title or transfer restrictions can justify acceptance of the returned value. Incomplete jewellery valuation particulars, including inadequate description and weight details, can warrant reference to the Valuation Officer. Income-tax and wealth-tax liabilities are deductible in computing net wealth and must be verified afresh by the Assessing Officer in accordance with law after hearing the assessee. en-us Tue, 08 Mar 1988 00:00:00 +0530 Sat, 12 Feb 2011 11:15:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65066 For wealth-tax valuation, a flat not yet conveyed by registered deed may be assessed on the basis of the assessee's limited possessory interest, and imperfect title or transfer restrictions can justify acceptance of the returned value. Incomplete jewellery valuation particulars, including inadequate description and weight details, can warrant reference to the Valuation Officer. Income-tax and wealth-tax liabilities are deductible in computing net wealth and must be verified afresh by the Assessing Officer in accordance with law after hearing the assessee. Case-Laws Wealth-tax Tue, 08 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65066