1981 (1) TMI 113

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..... x, Spl. Range, Kanpur dt. 28th June, 1979 have been consolidated, heard together and are being disposed of by a common order for the sake of convenience. The years of assessment involved are 1966-67 and 1967-68 for which the respective valuation dates are 3rd March, 1966 and 31st March, 1967. 2. The wealth-tax assessments of the assessee for the years under consideration were completed under s. .....

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..... tative. Therefore, it will be reasonable to presume that the notice were properly served by the Notice Server. The other question which is to be decided is whether the quantum of wealth determined is excessive or arbitrary. On reference to records, it is seen that the appellant herself and returned wealth of Rs. 85,806 for asst. yr. 1964-65 and 1965-66 in respect of five immovable properties. Ther .....

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..... property bearing No. 92/11 and other documents, urged that the assessee had 1/3rd share in all the five properties and that she was not the owner in full of all those properties. Mr. Sinha further urged that the best judgment assessment was liable to be set aside, because there is no basis for the WTO to determine the net wealth of the assessee in each of the years under consideration at Rs. 1,25 .....

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..... the market value of the said properties at Rs. 36,208 by observing as under: "House properties Nos. 92/3, 92/4, 92/10 and 92/11 were acquired by the Corporation Kanpur. The value of these properties was determined at Rs. 36,208. Awards No. 271, 273 and 274 dated 30th Sep., 1961 were also produced for inspection. Hence the value of the property is taken the same as above." In so far as the pro .....

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..... roduced only one of them before us, it would not be correct to say that the value of the house properties bearing Nos. 92/3, 92/4, 92/10 and 92/11 determined by the WTO in the assessments of Rs. 36,208 is not correct. We, therefore, uphold the best judgment assessment in the present case. 6. In the result, the appeals by the assessee fail and are hereby dismissed.
Case laws, Decisions, Judge .....

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