1 wtxa6926-10 agk IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION WEALTH TAX APPEAL NO.6926 OF 2010 Director of Wealth Tax (International Taxation), Mumbai ..Appellant. Versus City Bank NA, Mumbai ..Respondent. Mr.Suresh Kumar for the appellant. Mr.Percy J. Pardiwala with Mr.B.D. Damodar i/by Kanga & Company for the respondent. CORAM : J.P. Devadhar & A.R. Joshi, JJ. DATE : 25th November 2011 P.C. : 1. Whether the valuation of the residential premises has to be done in accordance with Rule 3 of Schedule III or as per Rule 14 of Schedule III of the Wealth Tax Act is the question raised in this appeal. 2. In the present case, the Income Tax Appellate Tribunal following its earlier decision in the case of the assessee has confirmed the order of the Commissioner of Wealth Tax (Appeals) and held that the valuation of the residential property has to be done in accordance with Rule 3 of Schedule III to the Wealth Tax Act, 1957. Admittedly, the decision of the Income Tax Appellate Tribunal for the earlier assessment years have not been challenged 2 wtxa6926-10 by the Revenue. No case is made out for taking a contrary view. 3. In these circumstances, we see no reason to entertain the appeal. The appeal is accordingly dismissed with no order as to costs. (A.R. Joshi, J.) (J.P. Devadhar, J.)