https://www.taxtmi.com/caselaws?id=393436 The ITAT partly allowed the appeal in a case concerning the assessment of net taxable wealth on various properties and assets under the Wealth Tax Act, 1957 for AY 2009-10. It disagreed with the valuation of certain properties by the Ld. WTO and directed valuation by the State Stamp Valuation Authority for accurate assessment. The ITAT also directed exclusion of certain properties from taxable wealth and upheld the assessment of a motor car for wealth tax. The matter was remitted back to the Ld. WTO for reassessment in accordance with the ITAT's directions. en-us Tue, 25 Feb 2020 00:00:00 +0530 Mon, 16 Mar 2020 07:52:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393436 The ITAT partly allowed the appeal in a case concerning the assessment of net taxable wealth on various properties and assets under the Wealth Tax Act, 1957 for AY 2009-10. It disagreed with the valuation of certain properties by the Ld. WTO and directed valuation by the State Stamp Valuation Authority for accurate assessment. The ITAT also directed exclusion of certain properties from taxable wealth and upheld the assessment of a motor car for wealth tax. The matter was remitted back to the Ld. WTO for reassessment in accordance with the ITAT's directions. Case-Laws Wealth-tax Tue, 25 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393436