WTA NO.42/IB OF 1990-91 versus WTA NO.42/IB OF 1990-91
R8 (3) Wealth Tax Act (XV of 1963), Interpretation of Section 3 R8 (3), Wealth Tax Rules, 1963 Factors of Property Assessment Wealth tax officer has reasonably limited gross annual rental value There are enough options to ignore the actual rent received by a property assessor provided that the rent received is much lower than the rent that can be reasonably priced in the area if the Wealth Tax Officer determines the appropriate rent. Then he too has the option of taking ten times that value and for this purpose he does not need to get any approval and he is determined. Casual fare, the fare on the relevant date to determine the value.
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