High Court directs Tribunal to refer question of law on property valuation method: land/building vs. rent capitalization.

The High Court of Delhi directed the Tribunal to refer a question of law regarding the valuation of property owned by the assessee, specifically whether the proper method of valuation is the land and building method or the rent capitalization method. No order was given as to costs.

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The High Court of Delhi directed the Tribunal to refer a question of law regarding the valuation of property owned by the assessee. The question is whether the proper method of valuation is the land and building method or the rent capitalization method. No order was given as to costs. (Case citation: 1990 (2) TMI 41 - DELHI High Court)

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