https://www.taxtmi.com/caselaws?id=59741 The tribunal upheld the reopening of the assessment and the inclusion of 'Mafatlal House' and 'Mafatlal Centre' in the appellant's net wealth for wealth tax purposes. The tribunal affirmed that the properties did not qualify as business assets under the Wealth Tax Act and should be taxed accordingly. The valuation of motor cars was not effectively argued and therefore upheld without interference. The appeal of the assessee was dismissed by the tribunal. en-us Tue, 28 Sep 2004 00:00:00 +0530 Fri, 31 Dec 2010 18:17:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59741 The tribunal upheld the reopening of the assessment and the inclusion of 'Mafatlal House' and 'Mafatlal Centre' in the appellant's net wealth for wealth tax purposes. The tribunal affirmed that the properties did not qualify as business assets under the Wealth Tax Act and should be taxed accordingly. The valuation of motor cars was not effectively argued and therefore upheld without interference. The appeal of the assessee was dismissed by the tribunal. Case-Laws Wealth-tax Tue, 28 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59741