1982 (2) TMI 143

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....rder of the Appellate Controller in respect of the estate of late Smt, Shantidevi passing on her death. 2. The first ground of appeal is general in nature and, therefore, calls for no consideration. 3. In the second, third and fourth grounds of appeal, the value of the house property being plot No. 4, Industrial Area, Sriganganagar, has been disputed. The deceased owned the above property. T....

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....month and 5 days of the valuation date in wealth-tax proceedings. It was, therefore, urged on behalf of the assessee that there could not be increase in value from Rs. 2,25,000 as on 11-4-1975 to Rs. 2,76,000 as on 15-5-1975, i.e., all increase of Rs. 51,000 in a period of one month. The learned departmental representative has supported the order of the Appellate Controller. We are inclined to acc....

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....ment year 1975-76. To this extent, the order of the Appellate Controller is modified. 4. In the fifth ground of appeal, it has been stated that the Appellate Controller has erred in adopting the value of house at 23-C Block, at Sri Ganganagar at Rs. 46,000 as against Rs 36,000 declared by the assessee. 5. The Assistant Controller estimated the value of this property at Rs. 56,000. The AAC ha....