1982 (1) TMI 102 - AT - Wealth-tax

Summary

The appeal and cross-objection for the assessment year 1975-76 were disposed of by the Appellate Tribunal ITAT Jaipur. The dispute was about the valuation of self-occupied property. The Tribunal held that Section 7(4) of the Wealth Tax Act is procedural and retrospective. The Revenue's appeal was dismissed, and the assessee's cross-objection was allowed.