1994 (4) TMI 101 - AT - Wealth-tax

Summary

The Appellate Tribunal ITAT Chandigarh decided on four appeals by the assessee regarding the valuation of a self-occupied house for asst. yrs. 1985-86 to 1988-89. The Tribunal held that rule 1BB should be followed for valuation, similar to the mandatory rule 1D for unquoted equity shares. The appeals were allowed in favor of the assessee.