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Wealth-tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Valuation of immovable property - filing of the valuation report ...


Immovable property valuation report not needed with tax return; present evidence at hearing instead.

January 9, 2014

Case Laws     Wealth-tax     HC

Valuation of immovable property - filing of the valuation report along with the return was not mandatory. Production of the same at the time of hearing was enough. The assessee cannot be denied a right to adduce evidence to substantiate his contention at the hearing - HC

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