https://www.taxtmi.com/caselaws?id=344707 The court upheld the validity of the assessment to wealth tax post-amalgamation, holding the transferee company liable for the liabilities of the transferor company. It confirmed the property valuation issues, stating that the property attracted wealth tax and directing the application of specific valuation rules. The court rejected the appellant's declared valuation, citing the use of guideline value by the Commissioner due to insufficient evidence. The appeals were dismissed, with costs not awarded, and the lower authorities' factual findings were affirmed. en-us Tue, 18 Apr 2017 00:00:00 +0530 Tue, 26 Sep 2017 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344707 The court upheld the validity of the assessment to wealth tax post-amalgamation, holding the transferee company liable for the liabilities of the transferor company. It confirmed the property valuation issues, stating that the property attracted wealth tax and directing the application of specific valuation rules. The court rejected the appellant's declared valuation, citing the use of guideline value by the Commissioner due to insufficient evidence. The appeals were dismissed, with costs not awarded, and the lower authorities' factual findings were affirmed. Case-Laws Wealth-tax Tue, 18 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344707