https://www.taxtmi.com/caselaws?id=69272 Valuation of 14 cents of vacant land in Coimbatore for wealth-tax purposes was examined against competing indicators, including a neighbouring acquisition, urban land tax valuation, a partition deed and the rise in land values over time. The land formed part of a larger survey number, the guideline value was considered relatable to the survey number as a whole, and the site had a slight disadvantage as a hind land on a private road. As the urban land tax valuation reflected values as on 1 June 1971 and the relevant valuation date was 31 March 1976, the earlier rate was not accepted in full and the value was revised downward to Rs. 2,500 per cent. en-us Tue, 29 May 1979 00:00:00 +0530 Wed, 06 Apr 2011 10:41:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69272 Valuation of 14 cents of vacant land in Coimbatore for wealth-tax purposes was examined against competing indicators, including a neighbouring acquisition, urban land tax valuation, a partition deed and the rise in land values over time. The land formed part of a larger survey number, the guideline value was considered relatable to the survey number as a whole, and the site had a slight disadvantage as a hind land on a private road. As the urban land tax valuation reflected values as on 1 June 1971 and the relevant valuation date was 31 March 1976, the earlier rate was not accepted in full and the value was revised downward to Rs. 2,500 per cent. Case-Laws Wealth-tax Tue, 29 May 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69272