1987 (3) TMI 62 - HC - Wealth-tax

Summary

The High Court of Delhi dismissed the applications regarding the valuation of a property on Barakhamba Road, New Delhi. The Tribunal upheld the Commissioner of Wealth-tax (Appeals) decision to use the land and building method for valuation, considering the commercial and residential aspects of the land. The Tribunal's decision was based on factual appreciation, and the applications were dismissed with no costs.