1982 (3) TMI 154 - AT - Wealth-tax

Summary

The Appellate Tribunal ITAT Jaipur allowed the appeals related to assessment years 1970-71 to 1972-73. The dispute was about the valuation of a building partly let out and partly self-occupied. The Tribunal directed the valuation of the let out portion using a multiple of 12 times, and for the self-occupied property, the value adopted for the assessment year 1971-72 should be used for subsequent years. The contention regarding the land value for the assessment years 1970-71 and 1971-72 was not pressed.