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Wealth-tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Inclusion of land into net wealth - t is to be remembered that ...


Land Valuation for Wealth-Tax: Consider Proposed Road Impact and Construction Restrictions on Wealth Assessment.

February 25, 2016

Case Laws     Wealth-tax     AT

Inclusion of land into net wealth - t is to be remembered that proposal of the road through the subject land and pending finalization and demarcation of exact location, the authorities concerned may not permit any construction over the land. Therefore, this disadvantageous position faced by the assessee cannot be ignored while valuing the land. - AT

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