1989 (7) TMI 74

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..... nal Road, New Delhi. The said property has been let out and the Wealth-tax Officer computed its value at Rs. 4,17,000 accepting the valuation of the respondent. The Commissioner of Wealth-tax revised the said order and came to the conclusion that the value of land could have been taken at Rs. 250 per sq. yard and, while giving certain directions, he set aside the order of the Wealthtax Officer a .....

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..... er, on the facts and in the circumstances of the case, the Tribunal was justified in not accepting the findings of the Commissioner of Wealth-tax that the Wealth-tax Officer should have estimated the valuation of the property by adopting the rental method which was the proper method in the present case, in view of the actual rent realised and not any notional or standard rent ? 3. Whether, on th .....

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..... e regarded as questions of law but the answer to the said questions is self-evident in view of the decision of the Supreme Court in the respondent's own case, Mrs. Sheila Kaushish v. CIT [1981] 131 ITR 435. That was an appeal filed by the respondent in the present case and the contention of the respondent was that the value should be determined by applying the basis of standard rent. The Supreme C .....

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