https://www.taxtmi.com/caselaws?id=59739 The tribunal upheld the decisions of the lower authorities in a case concerning the insured value of motor cars for wealth tax purposes and the classification of residential houses allotted to employees as 'assets' under the Wealth Tax Act. The insured value of motor cars was considered their market value, and residential houses allotted to employees with salaries exceeding Rs. 2 lakh were classified as 'assets' under section 2(ea)(1)(1) of the Act. The tribunal dismissed the appeal, affirming the lower authorities' rulings on both issues. en-us Tue, 07 Jan 2003 00:00:00 +0530 Fri, 31 Dec 2010 18:12:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59739 The tribunal upheld the decisions of the lower authorities in a case concerning the insured value of motor cars for wealth tax purposes and the classification of residential houses allotted to employees as 'assets' under the Wealth Tax Act. The insured value of motor cars was considered their market value, and residential houses allotted to employees with salaries exceeding Rs. 2 lakh were classified as 'assets' under section 2(ea)(1)(1) of the Act. The tribunal dismissed the appeal, affirming the lower authorities' rulings on both issues. Case-Laws Wealth-tax Tue, 07 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59739