https://www.taxtmi.com/caselaws?id=63103 The Tribunal directed the WTO to adopt a fair market value of Rs. 98,200 for each year under appeal for the property located at 5, Sri Ram Road, Delhi, for Wealth Tax purposes. This decision favored the assessee, as it rejected the higher valuation proposed by the authorities based on reversionary value and unutilized land value, emphasizing the use of the rental value method due to the property being wholly let out and subject to the Rent Control Act. en-us Tue, 27 Jan 1981 00:00:00 +0530 Thu, 27 Jan 2011 18:04:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63103 The Tribunal directed the WTO to adopt a fair market value of Rs. 98,200 for each year under appeal for the property located at 5, Sri Ram Road, Delhi, for Wealth Tax purposes. This decision favored the assessee, as it rejected the higher valuation proposed by the authorities based on reversionary value and unutilized land value, emphasizing the use of the rental value method due to the property being wholly let out and subject to the Rent Control Act. Case-Laws Wealth-tax Tue, 27 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63103