https://www.taxtmi.com/caselaws?id=256215 The ITAT, Delhi ruled in favor of the assessee in both Wealth Tax Appeals, directing the Assessing Officer to delete the additions made towards the enhancement in land value and valuing the interest in the firm based on Rule 14 of Schedule III. The Tribunal's decision was based on the interpretation of specific rules under the Wealth Tax Act 1957 and previous judgments in similar cases. en-us Tue, 18 Nov 2014 00:00:00 +0530 Fri, 06 Feb 2015 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256215 The ITAT, Delhi ruled in favor of the assessee in both Wealth Tax Appeals, directing the Assessing Officer to delete the additions made towards the enhancement in land value and valuing the interest in the firm based on Rule 14 of Schedule III. The Tribunal's decision was based on the interpretation of specific rules under the Wealth Tax Act 1957 and previous judgments in similar cases. Case-Laws Wealth-tax Tue, 18 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256215