https://www.taxtmi.com/caselaws?id=66791 The judgment involved appeals by the Department and a cross-objection by the assessee regarding the valuation of a property known as Madras property for the assessment years 1980-81 and 1981-82. The property was valued by the assessee at Rs. 1,93,000, while the Valuation Cell estimated it at Rs. 3,34,000. The Departmental valuer valued each ground of land at Rs. 75,000. The judgment concluded that the AAC's order aligns with legal precedents and justifiably applied Rule 1BB for property valuation, dismissing both the Department's appeals and the cross-objections by the assessee. en-us Mon, 17 Oct 1988 00:00:00 +0530 Mon, 07 Mar 2011 14:12:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66791 The judgment involved appeals by the Department and a cross-objection by the assessee regarding the valuation of a property known as Madras property for the assessment years 1980-81 and 1981-82. The property was valued by the assessee at Rs. 1,93,000, while the Valuation Cell estimated it at Rs. 3,34,000. The Departmental valuer valued each ground of land at Rs. 75,000. The judgment concluded that the AAC's order aligns with legal precedents and justifiably applied Rule 1BB for property valuation, dismissing both the Department's appeals and the cross-objections by the assessee. Case-Laws Wealth-tax Mon, 17 Oct 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66791