2013 (4) TMI 152

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..... umar Swarup and Sons(1994 (9) TMI 2 - SUPREME Court ) decided in favor of assessee. Rule 1BB is essentially a rule of evidence as to the choice of one of the well-accepted methods of valuation in respect of certain kinds of properties with a view to achieving uniformity in valuation and avoiding disparate valuations resulting from application of different methods of valuation respecting propert .....

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..... the revenue in the assessment of one of the co-owners for the assessment year 1971-72. At revenue's instance: - 2. Whether on the facts and in the circumstances of the case the Tribunal was legally correct in directing that valuations of residential house, kitchen, servants' quarters, garages, godown and cowshed at Sukhbir Sinha Park should be made as per Rule 1-BB of Wealth Tax Rules, 1957? .....

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..... nant to the respective constructions found thereon? 6. Whether on the facts and in the circumstances of the case the Tribunal was legally correct in holding that the lands measuring 28.6 bighas pucca adjoining to the appurtenant land of Ram Bagh Kothies in which the assessee had 1/12th share should be treated as agricultural land?" The learned counsel for the parties very fairly pointed out th .....

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