https://www.taxtmi.com/caselaws?id=15217 The High Court upheld the Tribunal's decision in a wealth tax assessment case, ruling in favor of the assessee by rejecting the Revenue's appeal. The Court agreed that the reversionary value of the land should not be included in the valuation process, emphasizing the use of the yield or rental method for valuation. The decision highlighted the importance of proper valuation methods and affirmed that the value of the land should not be inflated by adding reversionary value. en-us Thu, 29 Apr 1999 00:00:00 +0530 Mon, 03 Aug 2009 17:26:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15217 The High Court upheld the Tribunal's decision in a wealth tax assessment case, ruling in favor of the assessee by rejecting the Revenue's appeal. The Court agreed that the reversionary value of the land should not be included in the valuation process, emphasizing the use of the yield or rental method for valuation. The decision highlighted the importance of proper valuation methods and affirmed that the value of the land should not be inflated by adding reversionary value. Case-Laws Wealth-tax Thu, 29 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15217