https://www.taxtmi.com/caselaws?id=58638 The tribunal dismissed the appeals by the assessee, upholding the valuation of the flat for wealth tax purposes at Rs. 6,28,125 per assessment year. It was determined that Rule 1BB of the Wealth-tax Rules should be applied in this case, and the direction to make a reference to the Valuation Officer under section 16A of the Wealth-tax Act was deemed appropriate. The plea to introduce an additional argument regarding share valuation was rejected as inconsistent with prior positions, leading to the overall dismissal of the appeals. en-us Fri, 29 May 1992 00:00:00 +0530 Tue, 21 Dec 2010 12:59:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58638 The tribunal dismissed the appeals by the assessee, upholding the valuation of the flat for wealth tax purposes at Rs. 6,28,125 per assessment year. It was determined that Rule 1BB of the Wealth-tax Rules should be applied in this case, and the direction to make a reference to the Valuation Officer under section 16A of the Wealth-tax Act was deemed appropriate. The plea to introduce an additional argument regarding share valuation was rejected as inconsistent with prior positions, leading to the overall dismissal of the appeals. Case-Laws Wealth-tax Fri, 29 May 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58638