HC denied to admit appeal as issue relating to valuation of assets made by ITAT was question of fact WT : Where Tribunal relying upon its orders passed in earlier assessment years, reduced valuation adopted by Departmental valuer in respect of beneficial interest of assessee in jewellery held by a trust on account of various factors such as joint ownership, cumulative burden of tax liabilities, hazard and risk of litigation etc., said question relating to valuation of asset being a pure question of fact, impugned order passed by Tribunal did not require any interference. ■■■ [2014] 48 taxmann 22 (Andhra Pradesh) HIGH COURT OF ANDHRA PRADESH Commissioner of Wealth-tax v. Trustees of H.E.H. The Nizams Jewellery Trust*
Posted on: Fri, 29 Aug 2014 10:59:35 +0000
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