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of <h1>Property valuation appeal partially allowed, capitalization rate reduced. Grounds dismissed. Building portion rented out.</h1> The Appellate Tribunal ITAT Indore partly allowed the appeal regarding the valuation of property for wealth-tax purposes, reducing the multiple of ... - The Appellate Tribunal ITAT Indore decided on the valuation of property for wealth-tax purposes. The appeal was partly allowed, with the multiple of 12 1/2 times of capitalization being deemed reasonable instead of the original 16.178 multiple. The first three grounds of appeal were dismissed as they were not pressed during the hearing. The completed portion of the building was rented out.
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