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TMI Blog1982 (8) TMI 102X X X X Extracts X X X X X X X X Extracts X X X X ..... on. 2. Against the valuation assigned for the said 1/5th share in the plot at Rs.17,000 the WTO had increased the same to Rs. 87,140 which came to be reduced by the AAC in the course of first appeal, preferred by the assessee, to Rs. 25,000 as in the immediately succeeding year the AAC had taken the value of the said 1/5th share in plot of land at Rs. 30,000. 3. At the time of hearing of thi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orders dt. 30th Jan., 1974, passed in his case under s. 16(3) for the WT. Asst. yrs. 1972-73 and 1973-74 which stands substantiated by the copy of wealth tax statement and assessment and the assessment orders for both the wealth tax asst. yrs. 1972-73 and 1973-74 respectively." 4. The ld. Deptl. Rep. Mr. R.S. Khichi besides relying on the order of the AAC vehemently argued that the land in ques ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t was differently taken at a higher figure as compared to another co-sharer and they held as under: " Held that it was not open to the WTO to disregard the order passed by another WTO in which the value of 1/3rd share of the same property belonging to the co-sharer was determined at Rs. 73,333. This value was arrived at on the basis of the report made by the Valuation Officer appointed under s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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