https://www.taxtmi.com/caselaws?id=67664 The Appellate Tribunal ITAT Jaipur allowed the assessee's appeal for the assessment years 1973-74 and 1974-75. The Tribunal directed the WTO to recompute the valuation of Nagpal Hotel Building's ground floor using a multiplier of 10 times. It granted exemption under s. 5(1)(iv) of the Act for the share in the building, holding that partners collectively owned the property. Additionally, the Tribunal considered an insurance amount as an asset/actionable claim, ruling it should be included in the assessee's wealth. The appeal for 1973-74 was allowed, and the appeal for 1974-75 was partly allowed. en-us Thu, 14 May 1981 00:00:00 +0530 Sat, 12 Mar 2011 12:38:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67664 The Appellate Tribunal ITAT Jaipur allowed the assessee's appeal for the assessment years 1973-74 and 1974-75. The Tribunal directed the WTO to recompute the valuation of Nagpal Hotel Building's ground floor using a multiplier of 10 times. It granted exemption under s. 5(1)(iv) of the Act for the share in the building, holding that partners collectively owned the property. Additionally, the Tribunal considered an insurance amount as an asset/actionable claim, ruling it should be included in the assessee's wealth. The appeal for 1973-74 was allowed, and the appeal for 1974-75 was partly allowed. Case-Laws Wealth-tax Thu, 14 May 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67664