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Wealth-tax - Highlights / Catch Notes

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Valuation for the purpose of Wealth tax - WDV of cars was held ...


WDV of Cars Accepted as Market Value in Wealth Tax Assessments Due to Lack of Revenue Evidence Challenging It.

April 12, 2016

Case Laws     Wealth-tax     AT

Valuation for the purpose of Wealth tax - WDV of cars was held as basis of market value in the absence of any material produced by the Revenue to show that WDV didn’t represent the market value of the vehicle. - AT

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