SECTION 6 – VALUATION OF GIFTS
1454. Valuation of agricultural land comprised in tea, coffee, rubber and cardamom plantations – Whether guidelines laid down in Circular No. 357 are to apply for the purposes of gift-tax
The Board have decided that the guidelines for valuation of coffee plantations laid down in Circular No. 357, dated 26-5-1983 for wealth-tax purposes may be made applicable for valuation of such assets in respect of pending cases in the State of Karnataka under the Estate Duty and Gift-tax Acts also.
Circular : No. 417 [F. No. 296/8/84-ED],dated 26-4-1985
