https://www.taxtmi.com/caselaws?id=58750 The ITAT upheld the AAC's directions for property revaluation, dismissing departmental appeals. The assessee's cross-objections for deduction of loans for property acquisition were accepted based on property value exceeding the limit, with reference to a circular. However, the ITAT dismissed further appeals, citing non-deductibility of debts related to exempted assets under relevant wealth tax provisions. en-us Sat, 15 Jan 1983 00:00:00 +0530 Tue, 21 Dec 2010 18:00:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58750 The ITAT upheld the AAC's directions for property revaluation, dismissing departmental appeals. The assessee's cross-objections for deduction of loans for property acquisition were accepted based on property value exceeding the limit, with reference to a circular. However, the ITAT dismissed further appeals, citing non-deductibility of debts related to exempted assets under relevant wealth tax provisions. Case-Laws Wealth-tax Sat, 15 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58750