https://www.taxtmi.com/caselaws?id=27696 The High Court upheld the Tribunal's valuation method for immovable properties on Harrington Road and Netaji Subhas Chandra Bose Road for wealth tax assessment. The Court found the separate valuation of superstructure and land appropriate due to the absence of surrounding land in rental agreements, emphasizing the accurate determination of market value under the Wealth Tax Act. The Court distinguished a previous case cited by the assessee, noting the specific circumstances of the present matter. Ultimately, the Court affirmed the Tribunal's approach, directing the assessee to bear the costs of the Revenue. en-us Tue, 01 Mar 1983 00:00:00 +0530 Mon, 15 Feb 2010 14:07:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27696 The High Court upheld the Tribunal's valuation method for immovable properties on Harrington Road and Netaji Subhas Chandra Bose Road for wealth tax assessment. The Court found the separate valuation of superstructure and land appropriate due to the absence of surrounding land in rental agreements, emphasizing the accurate determination of market value under the Wealth Tax Act. The Court distinguished a previous case cited by the assessee, noting the specific circumstances of the present matter. Ultimately, the Court affirmed the Tribunal's approach, directing the assessee to bear the costs of the Revenue. Case-Laws Wealth-tax Tue, 01 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27696