1989 (7) TMI 74 - HC - Wealth-tax

Summary

The High Court of Delhi dismissed the petition seeking to refer questions of law related to the valuation of a property in New Delhi for wealth tax purposes. The Tribunal had previously concluded that the valuation method used was not prejudicial to the Revenue and that standard rent should be adopted for valuation. The court found that the questions raised were self-evident based on a previous Supreme Court decision and therefore dismissed the petition.