https://www.taxtmi.com/caselaws?id=56289 Revision under section 25(2) of the Wealth-tax Act was not justified where the assessee's valuation of a partner's interest in a firm followed a beneficial Board circular and the principle in Vasantha, under which the firm's assets had to be valued in accordance with the Wealth-tax Act and excluded assets were not to be included in net wealth. Because the revisional order departed from that accepted position and the facts were covered by the Special Bench view relied on by the assessee, the revisional order was set aside in favour of the assessee. en-us Thu, 29 Sep 1983 00:00:00 +0530 Thu, 02 Dec 2010 18:05:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56289 Revision under section 25(2) of the Wealth-tax Act was not justified where the assessee's valuation of a partner's interest in a firm followed a beneficial Board circular and the principle in Vasantha, under which the firm's assets had to be valued in accordance with the Wealth-tax Act and excluded assets were not to be included in net wealth. Because the revisional order departed from that accepted position and the facts were covered by the Special Bench view relied on by the assessee, the revisional order was set aside in favour of the assessee. Case-Laws Wealth-tax Thu, 29 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56289