1986 (10) TMI 79 - AT - Wealth-tax

Summary

The appeal concerned the adoption of a multiplier of 12.5 for determining the fair market value of a commercial property in Connaught Place, New Delhi for wealth-tax assessment. The tribunal upheld the multiplier, stating that the nature and location of the property justified the decision. The appeal was dismissed. (Case citation: 1986 (10) TMI 79 - ITAT DELHI-A)