https://www.taxtmi.com/caselaws?id=355315 The judgment in this case involved appeals by the assessee challenging the valuation of properties for Wealth Tax Act purposes. The court emphasized the importance of providing the assessee with valuation reports from the DVO for transparency and fairness. It criticized the AO's reliance on jantri rates without allowing the assessee to contest them and directed adjustments based on DVO reports. The judgment highlighted the need for proper valuation procedures, allowing the assessee to challenge valuation methods. Ultimately, all appeals by the assessee were allowed for statistical purposes, emphasizing transparency and fairness in wealth tax assessments. en-us Thu, 01 Feb 2018 00:00:00 +0530 Mon, 12 Feb 2018 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355315 The judgment in this case involved appeals by the assessee challenging the valuation of properties for Wealth Tax Act purposes. The court emphasized the importance of providing the assessee with valuation reports from the DVO for transparency and fairness. It criticized the AO's reliance on jantri rates without allowing the assessee to contest them and directed adjustments based on DVO reports. The judgment highlighted the need for proper valuation procedures, allowing the assessee to challenge valuation methods. Ultimately, all appeals by the assessee were allowed for statistical purposes, emphasizing transparency and fairness in wealth tax assessments. Case-Laws Wealth-tax Thu, 01 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355315