https://www.taxtmi.com/caselaws?id=66966 Valuation of agricultural land for wealth-tax purposes was upheld where the Appellate Controller had fixed the property at Rs. 90,000 on the relevant date. The Department had already accepted a valuation of Rs. 84,000 in assessments close to the date of death, and the valuation report, together with the poor quality of the lands in two villages, supported the higher estimate. On those facts, the estimate was treated as reasonable and there was no basis to interfere with it at the Department's instance. en-us Thu, 26 Apr 1979 00:00:00 +0530 Tue, 08 Mar 2011 13:26:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66966 Valuation of agricultural land for wealth-tax purposes was upheld where the Appellate Controller had fixed the property at Rs. 90,000 on the relevant date. The Department had already accepted a valuation of Rs. 84,000 in assessments close to the date of death, and the valuation report, together with the poor quality of the lands in two villages, supported the higher estimate. On those facts, the estimate was treated as reasonable and there was no basis to interfere with it at the Department's instance. Case-Laws Income Tax Thu, 26 Apr 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66966