https://www.taxtmi.com/caselaws?id=67010 The Tribunal allowed the appellant's additional ground of appeal regarding the application of Rule 1BB of the Wealth Tax Rules, directing the Wealth Tax Officer to determine the correct value of the properties in accordance with Rule 1BB for all relevant assessment years. The Tribunal also set aside lower authorities' orders for the valuation of the residential property at 580-M.G. Road, Indore, directing the correct valuation according to Rule 1BB. However, the Tribunal upheld the valuation of the property at Sanjay-nagar, Indore, and directed the valuation of cars and tractors as per Rule 2B. The valuation of agricultural land was deemed reasonable, resulting in partial allowance of the appeals for statistical purposes. en-us Wed, 06 May 1981 00:00:00 +0530 Tue, 08 Mar 2011 17:19:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67010 The Tribunal allowed the appellant's additional ground of appeal regarding the application of Rule 1BB of the Wealth Tax Rules, directing the Wealth Tax Officer to determine the correct value of the properties in accordance with Rule 1BB for all relevant assessment years. The Tribunal also set aside lower authorities' orders for the valuation of the residential property at 580-M.G. Road, Indore, directing the correct valuation according to Rule 1BB. However, the Tribunal upheld the valuation of the property at Sanjay-nagar, Indore, and directed the valuation of cars and tractors as per Rule 2B. The valuation of agricultural land was deemed reasonable, resulting in partial allowance of the appeals for statistical purposes. Case-Laws Wealth-tax Wed, 06 May 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67010