https://www.taxtmi.com/caselaws?id=67168 The Appellate Tribunal ITAT Indore allowed the appeals of various partners of a newspaper publishing firm in a wealth tax case. The Tribunal found discrepancies in the valuation report prepared by the Valuation Officer and the method used for determining the fair market value of plant and machinery. They set aside the orders of the Deputy Commissioner of Wealth Tax and directed a rehearing, emphasizing the need for a decision based on merits and proper adherence to valuation rules. The Tribunal concluded in favor of the assessees, treating the appeals as allowed for statistical purposes. en-us Sat, 06 May 1995 00:00:00 +0530 Wed, 09 Mar 2011 13:15:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67168 The Appellate Tribunal ITAT Indore allowed the appeals of various partners of a newspaper publishing firm in a wealth tax case. The Tribunal found discrepancies in the valuation report prepared by the Valuation Officer and the method used for determining the fair market value of plant and machinery. They set aside the orders of the Deputy Commissioner of Wealth Tax and directed a rehearing, emphasizing the need for a decision based on merits and proper adherence to valuation rules. The Tribunal concluded in favor of the assessees, treating the appeals as allowed for statistical purposes. Case-Laws Wealth-tax Sat, 06 May 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67168