https://www.taxtmi.com/caselaws?id=69170 The Tribunal concluded that properties owned by the assessee company could be charged to wealth-tax if they exceeded the specified unbuilt area. Debts could only be deducted if incurred in relation to the taxable assets. Valuation should be based on market value or DVO's estimation, considering any development agreements or restrictions. The appeals were adjudicated accordingly, with some issues set aside for re-examination by the Assessing Officer. en-us Mon, 30 May 2005 00:00:00 +0530 Mon, 17 Jun 2013 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69170 The Tribunal concluded that properties owned by the assessee company could be charged to wealth-tax if they exceeded the specified unbuilt area. Debts could only be deducted if incurred in relation to the taxable assets. Valuation should be based on market value or DVO's estimation, considering any development agreements or restrictions. The appeals were adjudicated accordingly, with some issues set aside for re-examination by the Assessing Officer. Case-Laws Wealth-tax Mon, 30 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69170