https://www.taxtmi.com/caselaws?id=57840 The appeals were allowed in part, directing the Assessing Officer to revalue the properties based on the Tribunal's findings and using suitable methods and rates for various valuation dates. The objection regarding the number of co-owners considered for assessment was upheld, instructing the inclusion of 1/4th share for each assessee. The Tribunal directed the application of Schedule III of the Wealth Tax Act for revaluation on a specific date and allowed a 10% rebate for joint ownership. The reopening of assessment for certain years was upheld, and the claim to exclude a property from valuation due to commercial status was rejected. en-us Fri, 20 Oct 2000 00:00:00 +0530 Mon, 13 Dec 2010 18:55:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57840 The appeals were allowed in part, directing the Assessing Officer to revalue the properties based on the Tribunal's findings and using suitable methods and rates for various valuation dates. The objection regarding the number of co-owners considered for assessment was upheld, instructing the inclusion of 1/4th share for each assessee. The Tribunal directed the application of Schedule III of the Wealth Tax Act for revaluation on a specific date and allowed a 10% rebate for joint ownership. The reopening of assessment for certain years was upheld, and the claim to exclude a property from valuation due to commercial status was rejected. Case-Laws Wealth-tax Fri, 20 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57840