https://www.taxtmi.com/caselaws?id=67540 The appeals by the department were dismissed, and the cross objections of the assessee were partly allowed. The Tribunal concluded that the entire 9735 sq. meters of land should be considered appurtenant to the property, extended the benefit of section 7(4) of the Wealth-tax Act to the entire land, and determined the property valuation by increasing it by 10% every year subsequent to the assessment year 1980-81. The decision aimed to provide a fair and practical approach to property valuation under the Wealth-tax Act. en-us Tue, 20 May 1997 00:00:00 +0530 Fri, 11 Mar 2011 11:57:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67540 The appeals by the department were dismissed, and the cross objections of the assessee were partly allowed. The Tribunal concluded that the entire 9735 sq. meters of land should be considered appurtenant to the property, extended the benefit of section 7(4) of the Wealth-tax Act to the entire land, and determined the property valuation by increasing it by 10% every year subsequent to the assessment year 1980-81. The decision aimed to provide a fair and practical approach to property valuation under the Wealth-tax Act. Case-Laws Wealth-tax Tue, 20 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67540