Law:

Section:

Section 7, read with section 27, of the Wealth-tax Act, 1957 - Valuation of assets - Immovable property - Whether where finding of Tribunal regarding valuation of land was based on irrelevant considerations after rejection of certain relevant material on untenable grounds a question of law did arise out of order of Tribunal - Held, yes Note : The case was decided in favour of the department. L.K. Sood for the Applicant. A.L. Bahl for the Respondent. JUDGMENT S.P. Goyal, J.-This petition has been filed by the Revenue under section 27(3) of the Wealth-tax Act, 1957, for getting the following two questions referred to this court: "(1)Whether, on the facts and in the circumstances of the case, the Appellate Tribunal is right in law in reducing the value of the disputed land from Rs. 9 per square yard to Rs. 5 per square yard only on the valuation date? (2)Whether, on the facts and in the circumstances of the case, the finding of the Appellate Tribunal…

Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in /home/digixyei/sldsystempk.com/view/master-layout/view_case.php on line 492