https://www.taxtmi.com/caselaws?id=234287 Urban land claimed to form part of factory premises or business land was remanded for fresh factual verification because its location and character had not been properly examined, and the Revenue had not been given opportunity on the fresh material; the first appellate relief on that point was set aside for statistical purposes. Motor vehicles for wealth-tax purposes were correctly required to be valued at written down value under Schedule III, as depreciable business assets must be taken at the balance-sheet written down value on the valuation date, and that valuation direction was upheld. en-us Fri, 24 May 2013 00:00:00 +0530 Wed, 05 Jun 2013 11:22:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234287 Urban land claimed to form part of factory premises or business land was remanded for fresh factual verification because its location and character had not been properly examined, and the Revenue had not been given opportunity on the fresh material; the first appellate relief on that point was set aside for statistical purposes. Motor vehicles for wealth-tax purposes were correctly required to be valued at written down value under Schedule III, as depreciable business assets must be taken at the balance-sheet written down value on the valuation date, and that valuation direction was upheld. Case-Laws Wealth-tax Fri, 24 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234287