1987 (3) TMI 62

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... raise the question of valuation of a property on Barakhamba Road, New Delhi. The Wealth-tax Officer valued the property on the assumption that a multi-storeyed structure could be put on it and flats built and disposed of at fabulous rent. On appeal, the Commissioner of Wealth-tax (Appeals) rejected this method and instead applied the land and building method after taking into account the portion ....