1990 (6) TMI 16

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..... nstance of the assessee and at the instance of the Department : At the instance of the assessee : "(i) Whether the Tribunal erred in law in holding that rule ID of the Wealth-tax Rules, 1957, was mandatory in valuing the 4,229 shares of Surat Cotton Spg. and Wvg. Mills Pvt. Ltd. at the valuation date March 31, 1968 and in confirming the valuation at Rs. 211 per share based on that rule ? (ii .....

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..... nce-tax in terms of rule ID of the Wealth-tax Rules, 1957 ?" It is an accepted position that questions (i) and (ii) which are at the instance of the assessee are governed by the ratio laid down by this court in the case of Smt. Kusumben D. Mahadevia v. N. C. Upadhya [1980] 124 ITR 799. Accordingly, question No. (i) at the instance of the assessee is answered in the affirmative and in favour of .....

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