https://www.taxtmi.com/caselaws?id=67028 The Tribunal found in favor of the assessee in a dispute over the valuation of immovable properties for assessment years 1964-65 to 1973-74. It held that the valuation methodology should align with a Calcutta High Court decision for commercial properties and the mandatory application of rule 1BB for residential properties. Due to the failure of the WTO and AAC to adequately consider the submissions and legal precedents presented by the assessee, the matter was remitted back to the WTO for proper valuation following the given directions. The appeals of the assessee were deemed allowed for statistical purposes. en-us Fri, 30 Apr 1982 00:00:00 +0530 Tue, 08 Mar 2011 17:54:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67028 The Tribunal found in favor of the assessee in a dispute over the valuation of immovable properties for assessment years 1964-65 to 1973-74. It held that the valuation methodology should align with a Calcutta High Court decision for commercial properties and the mandatory application of rule 1BB for residential properties. Due to the failure of the WTO and AAC to adequately consider the submissions and legal precedents presented by the assessee, the matter was remitted back to the WTO for proper valuation following the given directions. The appeals of the assessee were deemed allowed for statistical purposes. Case-Laws Wealth-tax Fri, 30 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67028