https://www.taxtmi.com/caselaws?id=65186 The Special Bench held that the reversionary value of land should not be added in the valuation of properties, especially when the property is fully tenanted and not in a state of disrepair. The Tribunal agreed with the assessee's counsel that the addition of reversionary value was not justified based on the High Court decision cited, directing the valuation to be done as per its previous order. Consequently, the appeals were allowed in favor of the assessee, with the addition of reversionary value of land deemed unjustified. en-us Fri, 09 Oct 1992 00:00:00 +0530 Mon, 14 Feb 2011 11:17:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65186 The Special Bench held that the reversionary value of land should not be added in the valuation of properties, especially when the property is fully tenanted and not in a state of disrepair. The Tribunal agreed with the assessee's counsel that the addition of reversionary value was not justified based on the High Court decision cited, directing the valuation to be done as per its previous order. Consequently, the appeals were allowed in favor of the assessee, with the addition of reversionary value of land deemed unjustified. Case-Laws Wealth-tax Fri, 09 Oct 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65186