https://www.taxtmi.com/caselaws?id=26695 The court affirmed that the assessee was the owner of the Jhandewalan property on the valuation date, based on documentary evidence. The Tribunal's method of valuing the property using a multiple of 14 times the net annual letting value was deemed correct. Despite the property not being registered in the appellant's name and the existence of a partnership deed, the assessee was considered the absolute owner. The full value of the property was rightly included in the appellant's total wealth. The Tribunal's rejection of the valuer's report was justified as it did not comply with the statutory valuation method. All issues were decided in favor of the Revenue. en-us Mon, 09 Sep 1985 00:00:00 +0530 Sat, 06 Feb 2010 18:07:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26695 The court affirmed that the assessee was the owner of the Jhandewalan property on the valuation date, based on documentary evidence. The Tribunal's method of valuing the property using a multiple of 14 times the net annual letting value was deemed correct. Despite the property not being registered in the appellant's name and the existence of a partnership deed, the assessee was considered the absolute owner. The full value of the property was rightly included in the appellant's total wealth. The Tribunal's rejection of the valuer's report was justified as it did not comply with the statutory valuation method. All issues were decided in favor of the Revenue. Case-Laws Wealth-tax Mon, 09 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26695