https://www.taxtmi.com/caselaws?id=24342 The High Court rejected the Revenue's applications regarding the valuation of the "Dehradun property" for wealth-tax assessments for the years 1978-79 and 1979-80. The Court upheld the Income-tax Appellate Tribunal's decision to reinstate the original assessment orders, emphasizing that the valuation was fair and based on genuine rental income. The proposed question for reference was deemed factual and not appropriate for reference, as the Tribunal's decision was supported by factual reasoning. The High Court affirmed that no legal question arose from the Tribunal's order and awarded costs to the assessee. en-us Mon, 16 Jan 1989 00:00:00 +0530 Tue, 19 Jan 2010 13:31:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24342 The High Court rejected the Revenue's applications regarding the valuation of the "Dehradun property" for wealth-tax assessments for the years 1978-79 and 1979-80. The Court upheld the Income-tax Appellate Tribunal's decision to reinstate the original assessment orders, emphasizing that the valuation was fair and based on genuine rental income. The proposed question for reference was deemed factual and not appropriate for reference, as the Tribunal's decision was supported by factual reasoning. The High Court affirmed that no legal question arose from the Tribunal's order and awarded costs to the assessee. Case-Laws Wealth-tax Mon, 16 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24342