https://www.taxtmi.com/caselaws?id=15173 The High Court of Kerala upheld the method of valuation adopted by the Commissioner of Wealth-tax (Appeals) and Tribunal for the assessment year 1982-83, affirming the determination of taxable wealth at Rs. 58,19,000 based on reasonable estimation and factual findings. The Court emphasized valuation as an art and not an exact science, supporting the decision that no question of law arose in the case. The judgment favored the assessee, concluding that the valuation method applied was rational and acceptable, thereby disposing of the tax reference. en-us Fri, 10 Mar 2000 00:00:00 +0530 Mon, 03 Aug 2009 15:16:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15173 The High Court of Kerala upheld the method of valuation adopted by the Commissioner of Wealth-tax (Appeals) and Tribunal for the assessment year 1982-83, affirming the determination of taxable wealth at Rs. 58,19,000 based on reasonable estimation and factual findings. The Court emphasized valuation as an art and not an exact science, supporting the decision that no question of law arose in the case. The judgment favored the assessee, concluding that the valuation method applied was rational and acceptable, thereby disposing of the tax reference. Case-Laws Wealth-tax Fri, 10 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15173