1982 (3) TMI 148 - AT - Wealth-tax

Summary

The Appellate Tribunal ITAT Jaipur, in the case of revenue appeals for assessment years 1970-71 to 1974-75, dismissed all five appeals. The last ground of appeal was about the valuation of a property "Woodland" flat, Bombay, for the assessment year 1972-73. The Commissioner (Appeals) valued it at Rs. 2,66,000, which the Tribunal found reasonable and upheld, citing a Board's circular.