Assistant Commissioner Of Wealth Tax vs Kailash Enterprises (P) Ltd. on 30 April, 1996
B. Lall vs. WTO (1981) 127 ITR 308 (Raj) and Nusli Neville Wadia vs. Nilkanthan (1985) 154 ITR 447 (Bom). The assessee's counsel further pointed out that the valuation of the VO was not properly done.