Assessable value: apply M.R.F. judgment to finalize assessments and modify conflicting valuation instructions across pending cases. All assessments and related valuation matters must be finalised in accordance with the Supreme Court judgment in the M.R.F. case; prior valuation instructions, including the 37-B Order of 31-12-1993, are modified to the extent they conflict with that judgment. Assessing authorities are directed to apply the judgment's analysis when determining additions or deductions of expenses to arrive at the assessable value and to resolve pending valuation matters consistently with those principles.