Sec. 7(1)

Sec. 7(1), Section 7

Rajasthan H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was right in upholding the order of the CWT(A) directing the AO to take the value of Prem Prakash Cinema building as per finding of first appellate authority for asst. yr. 1979-80 by making enhancement by 10 per cent in each assessment year over the value adopted for the earlier years ?

High Court Of Rajasthan : Jaipur Bench Commissioner Of Wealth Tax vs. S.K. Golecha Section WT 7(1) Asst. Year 1979-80

Sec. 2(e), Sec. 2(m), Sec. 7(1), Section 7, Wealth Tax Act

Bombay H.C : Whether, on the facts and in the circumstances of the case, the tax liability on the notional capital gains arising on the notional sale, as contemplated under s. 7(1) of the WT Act, 1957, of shares held by the assessee was deductible as debt under s. 2(m) of the said Act while computing her net wealth for the asst. yrs. 1967-68 to 1972-73 ?

High Court Of Bombay Gopikumari Birla vs. Commissioner Of Wealth Tax Sections WT 2(e), WT 2(m), WT 7(1) Asst. Year

Sec. 7(1), Section 7

Kerala H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was justified in interfering with the figure of Rs. 2,55,775 which was adopted by the WTO as representing the value of the undivided 1/4th interest of each of the assessees in the immovable property jointly owned by each assessee with three others on M.G. Road ?

High Court Of Kerala CIT vs. P.I. George & Ors. Section WT 7(1) Asst. Year 1973-74, 1974-75, 1975-76 K.S. Paripoornan

Sec. 7(1), Sec. 7(2), Section 7, Wealth Tax Act

Madhya Pradesh H.C : Whether, on the facts and in the circumstances of the case the Tribunal was right in holding that the value of plant and machinery shall be taken at the written down value thereof as on the first day of the valuation period irrespective of the depreciation allowed during the year and the value of the additions, if any, made during the year shall be added thereto ?

High Court Of Madhya Pradesh : Indore Bench Section WT 7(2), WT 7(1) Asst. Year 1976-77 Chhaganlal Panchulal vs. Commissioner

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