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TMI Blog2003 (4) TMI 53X X X X Extracts X X X X X X X X Extracts X X X X ..... stion of facts and, therefore, they are disposed of by this common judgment. Wealth-tax Appeal No. 239 of 2001 is in respect of the assessment year 1989-90, Wealth-tax Appeal No. 242 of 2001 is in respect of the assessment year 1992-93 and the Wealth-tax Appeal No. 244 of 2001 is in respect of the assessment year 1990-91. Being aggrieved by the decision of the Tribunal, the Department has filed t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sessee. In the circumstances, the Commissioner of Income-tax (Appeals) remanded the matter back to the Assessing Officer. While remanding the matter, the Commissioner of Income-tax (Appeals) further observed that the rate of capitalisation should be worked out on a scientific basis and, consequently, the Assessing Officer was directed to apply Schedule III to the Wealth-tax Act and revalue the pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on behalf of the Department that in this matter, the Department has come in appeal before the High Court as the Commissioner of Income-tax (Appeals) has laid down a principle of law while remanding the matter to the Assessing Officer. No such principle has been laid down by the Commissioner of Income-tax (Appeals). The Commissioner of Income-tax (Appeals) has merely directed valuation of the prop ..... X X X X Extracts X X X X X X X X Extracts X X X X
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