1976 (8) TMI 81

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....m of Rs. 24,399 stated to represent irrecoverable rent from the Calcutta property of the assessee in the net wealth determined for the assessment year 1973-74 (valuation date 5th Nov., 1972.) The Wealth-tax Officer added the above sum on the ground that no proof was adduced to show that the rent was not recoverable. On appeal the Appellate Assistant Commissioner confirmed the addition on the groun....

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....iance was placed on the orders of the lower authorities. 3. On a careful consideration of the rival submissions, we are of the view that the authorities below have not appreciated the case with reference to the accessibility of the sum of Rs. 24,399 under the Wealth-tax Act from the proper angle. Due to the trouble with the tenants of the Calcutta property, who were ultimately evicted, the asse....