https://www.taxtmi.com/caselaws?id=69499 An assessee's share in agricultural property held through firms was treated as eligible for exemption, the Tribunal following its earlier Special Bench view that the benefit is not denied merely because the property is held via a partnership structure. For wealth-tax valuation, a notice issued under section 6 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 is a relevant factor because the exposure to forfeiture and related statutory consequences can depress market value. The valuation was therefore remitted for fresh determination with the notice and proceedings under that Act taken into account. en-us Tue, 25 Jan 1983 00:00:00 +0530 Thu, 07 Apr 2011 13:14:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69499 An assessee's share in agricultural property held through firms was treated as eligible for exemption, the Tribunal following its earlier Special Bench view that the benefit is not denied merely because the property is held via a partnership structure. For wealth-tax valuation, a notice issued under section 6 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 is a relevant factor because the exposure to forfeiture and related statutory consequences can depress market value. The valuation was therefore remitted for fresh determination with the notice and proceedings under that Act taken into account. Case-Laws Wealth-tax Tue, 25 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69499