Wealth Tax-Interpretation of Rule 1D - Board instructs officers to take note of high court order.

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....uestion " whether, on the facts and in the circumstances of the case, the Tribunal was justified in approving the assessee's method of valuation in respect of unquoted shares in preference to the valuation adopted by the Wealth-tax authorities as per provision of Rule 1D of the Wealth-tax Rules, 1957 ?" 2. In reversing the decision of the Tribunal, the High Court has observed as under:- " We agr....