https://www.taxtmi.com/caselaws?id=55471 The Tribunal held in favor of the appellants in a case involving the valuation of an immovable property and exemptions under Sections 5(1)(iv) and 5(1)(xiii) read with Section 5(1a). The Tribunal determined that the valuation of the property should be made as per the rules contained in Schedule III of the Act. Additionally, the appellants were granted exemptions in respect of their shares in the immovable and movable properties belonging to the partnership firm in their individual assessments. The Tribunal also overturned the AAC's order enhancing the assessments for certain years due to a violation of the principles of natural justice. en-us Thu, 04 Oct 1990 00:00:00 +0530 Sat, 27 Nov 2010 12:15:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55471 The Tribunal held in favor of the appellants in a case involving the valuation of an immovable property and exemptions under Sections 5(1)(iv) and 5(1)(xiii) read with Section 5(1a). The Tribunal determined that the valuation of the property should be made as per the rules contained in Schedule III of the Act. Additionally, the appellants were granted exemptions in respect of their shares in the immovable and movable properties belonging to the partnership firm in their individual assessments. The Tribunal also overturned the AAC's order enhancing the assessments for certain years due to a violation of the principles of natural justice. Case-Laws Wealth-tax Thu, 04 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55471