https://www.taxtmi.com/caselaws?id=69552 The Tribunal allowed the appeal, ruling in favor of the assessee's claim for valuation under section 7(4) of the Wealth-tax Act. It held that the assessee had ownership rights as a coparcener before and after the partition, entitling him to the valuation benefit for the house property based on his ownership and residential use. The decision overturned the Commissioner of Income-tax (Appeals) order and supported the assessee's position regarding the property's valuation for wealth tax purposes. en-us Mon, 31 Dec 1990 00:00:00 +0530 Thu, 07 Apr 2011 15:51:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69552 The Tribunal allowed the appeal, ruling in favor of the assessee's claim for valuation under section 7(4) of the Wealth-tax Act. It held that the assessee had ownership rights as a coparcener before and after the partition, entitling him to the valuation benefit for the house property based on his ownership and residential use. The decision overturned the Commissioner of Income-tax (Appeals) order and supported the assessee's position regarding the property's valuation for wealth tax purposes. Case-Laws Income Tax Mon, 31 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69552