W.T.AS. NOS. 188/LB, 189/LB, 236/LB AND 237/LB OF 1991-92 versus W.T.AS. NOS. 188/LB, 189/LB, 236/LB AND 237/LB OF 1991-92
Wealth Tax Act 1963 Section 7 Wealth Tax Rules 1963, R8 (3) Property Assessment Guiding Principles The Wealth Tax Officer applied the rule of thumb in determining the value of a property, which can be increased by 10% of the annual value of the property. ? The Connection Assessing Officer Needed to Determine the Cost of Renting a Property The Assessing Officer can also get inspiration from the costs incurred by the Department of Excise and Taxation, which was a reasonable and appropriate way of valuing a property through a Wealth Tax Officer. The method of determining the value of which property was not scientific at all or was not supported by any law clause.
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