1979 (4) TMI 59 - AT - Income Tax

Summary

The Department appealed the decision of the Appellate CED to reduce the estimated value of agricultural lands from Rs. 1,13,375 to Rs. 90,000 owned by deceased Shri Kaluram. The Appellate Tribunal upheld the decision based on the valuation report and the deceased's wealth tax assessments, dismissing the appeal. (Case: Appellate Tribunal ITAT INDORE, Citation: 1979 (4) TMI 59 - ITAT INDORE)