1984 (8) TMI 160 - AT - Wealth-tax

Summary

The appeal was related to the wealth-tax assessment of the assessee Shri M. Hashmath for the year 1977-78 regarding the value of his 1/6th share in a property in Madras. The Tribunal upheld the value determined by the AAC at Rs. 4,40,495, based on the actual rent received by the assessee, and reduced the value accordingly. The appeal was partly allowed.