1981 (1) TMI 95 - AT - Wealth-tax

Summary

The Revenue's appeals against the AAC's order regarding valuation of property owned by Harish Chand Gupta were consolidated and heard together by ITAT Calcutta. The valuation was set aside and the matter was restored to the WTO for fresh evaluation in accordance with law. The assessee will be allowed to cross-examine the Valuation Officer. Appeals by the Department were dismissed.