https://www.taxtmi.com/caselaws?id=56623 The Appellate Tribunal allowed the Revenue's appeal, determining that the actual sale value of Rs. 3 lakhs should be adopted for wealth-tax purposes over the declared value of Rs. 13,000 based on rule 1BB of the Wealth-tax Rules. The Tribunal emphasized the practicality of valuation, considering the property's market value and the specific circumstances of the case, ultimately upholding the property's valuation at Rs. 3 lakhs. en-us Thu, 11 Oct 1990 00:00:00 +0530 Mon, 06 Dec 2010 09:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56623 The Appellate Tribunal allowed the Revenue's appeal, determining that the actual sale value of Rs. 3 lakhs should be adopted for wealth-tax purposes over the declared value of Rs. 13,000 based on rule 1BB of the Wealth-tax Rules. The Tribunal emphasized the practicality of valuation, considering the property's market value and the specific circumstances of the case, ultimately upholding the property's valuation at Rs. 3 lakhs. Case-Laws Wealth-tax Thu, 11 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56623