https://www.taxtmi.com/caselaws?id=63659 Residential house properties had to be valued under the prescribed Rule 1BB because they were residential in character, and the Tribunal applied its earlier Special Bench view accordingly. Commercial properties were valued by allowing repairs at one-sixth of rental income, collection charges at 6%, and the statutory capitalisation multiple rather than the lower method used below. The valuations of the remaining land and agricultural land were upheld on the facts, while exemption for tubewell, iron gate, barbed wire and similar items as cultivation tools was rejected. The claims relating to trees on agricultural land and Plot No. 154, Moti Khan were remitted for fresh factual examination. en-us Tue, 04 Sep 1984 00:00:00 +0530 Tue, 01 Feb 2011 12:36:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63659 Residential house properties had to be valued under the prescribed Rule 1BB because they were residential in character, and the Tribunal applied its earlier Special Bench view accordingly. Commercial properties were valued by allowing repairs at one-sixth of rental income, collection charges at 6%, and the statutory capitalisation multiple rather than the lower method used below. The valuations of the remaining land and agricultural land were upheld on the facts, while exemption for tubewell, iron gate, barbed wire and similar items as cultivation tools was rejected. The claims relating to trees on agricultural land and Plot No. 154, Moti Khan were remitted for fresh factual examination. Case-Laws Wealth-tax Tue, 04 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63659