https://www.taxtmi.com/caselaws?id=10539 The High Court dismissed the Revenue's appeal under section 27A of the Wealth-tax Act, 1957, regarding the valuation of a plot owned by the assessee. The court found no substantial legal issues warranting admission of the appeal, emphasizing that the valuation of the plot is a factual inquiry falling within the authorities' domain. The judgment highlighted the limited scope of judicial review under section 27A, stating that interference is only justified if factual findings are unreasonable, unsupported by evidence, or contrary to the law. As the appeal lacked merit, the court dismissed it outright, setting a precedent for similar cases. en-us Wed, 03 Nov 2004 00:00:00 +0530 Fri, 17 Jul 2009 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10539 The High Court dismissed the Revenue's appeal under section 27A of the Wealth-tax Act, 1957, regarding the valuation of a plot owned by the assessee. The court found no substantial legal issues warranting admission of the appeal, emphasizing that the valuation of the plot is a factual inquiry falling within the authorities' domain. The judgment highlighted the limited scope of judicial review under section 27A, stating that interference is only justified if factual findings are unreasonable, unsupported by evidence, or contrary to the law. As the appeal lacked merit, the court dismissed it outright, setting a precedent for similar cases. Case-Laws Wealth-tax Wed, 03 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10539