https://www.taxtmi.com/caselaws?id=67149 The Appellate Tribunal ITAT Indore partially allowed the appeal by an HUF regarding the valuation of a house property for the assessment year 1987-88. The ITAT rejected the argument to adopt past valuation, upheld the rent capitalization method for valuation due to the property's office use, and directed the Assessing Officer to adopt the revised property value based on the provided working. Additionally, the ITAT directed the allowance of the exemption claimed under s. 5(1)(iv) of the WT Act, resulting in a partial allowance of the appeal. en-us Fri, 16 Jun 1995 00:00:00 +0530 Wed, 09 Mar 2011 12:45:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67149 The Appellate Tribunal ITAT Indore partially allowed the appeal by an HUF regarding the valuation of a house property for the assessment year 1987-88. The ITAT rejected the argument to adopt past valuation, upheld the rent capitalization method for valuation due to the property's office use, and directed the Assessing Officer to adopt the revised property value based on the provided working. Additionally, the ITAT directed the allowance of the exemption claimed under s. 5(1)(iv) of the WT Act, resulting in a partial allowance of the appeal. Case-Laws Wealth-tax Fri, 16 Jun 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67149