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 […]