Enquiries while valuing the articles u/s 5(1)(viii) of the Wealth-tax Act, 1957.

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....e Board desired that you may impress upon all the Officers in your charge to keep in mind the Finance Minister's observations, made during the course of the debate on the Budget for the year 1971-72, so as not to enter into pettifogging enquiries while valuing the articles mentioned in the proviso to clause (viii) of sub-section (1) of Section 5 of the Wealth-tax Act, 1957. 2. The Board have cons....