Assessing Officer Uses 80% of Insurance Value to Calculate Taxpayer's Motor Car Net Wealth Valuation.

Assessing Officer Uses 80% of Insurance Value to Calculate Taxpayer's Motor Car Net Wealth Valuation. https://www.taxtmi.com/highlights?id=22722 Addition made on account of valuation of cars - AO adopted the insurance value as the value of the motor cars for the purpose of computing the net wealth of the assessee - AO directed to estimate 80 per cent. of the insurance value - AT en-us Wed, 29 Apr 2015 07:49:50 +0530 Wed, 29 Apr 2015 07:49:50 +0530 TaxTMI RSS Generator Assessing Officer Uses 80% of Insurance Value to Calculate Taxpayer's Motor Car Net Wealth Valuation. https://www.taxtmi.com/highlights?id=22722 Addition made on account of valuation of cars - AO adopted the insurance value as the value of the motor cars for the purpose of computing the net wealth of the assessee - AO directed to estimate 80 per cent. of the insurance value - AT Highlights Wealth-tax Wed, 29 Apr 2015 07:49:50 +0530 https://www.taxtmi.com/highlights?id=22722