https://www.taxtmi.com/caselaws?id=69846 The valuation of an assessee's 1/6th share in immovable property was assessed on the basis of actual rent realised, not notional rent, for capitalising annual income. Where the rent received during the relevant year did not increase, there was no factual basis for enhancing the earlier valuation by 10 per cent. The assessee's valuation working also did not justify any upward revision. The property share value was therefore retained at Rs. 4,40,495 and the proposed enhancement was rejected. en-us Tue, 14 Aug 1984 00:00:00 +0530 Tue, 12 Apr 2011 13:24:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69846 The valuation of an assessee's 1/6th share in immovable property was assessed on the basis of actual rent realised, not notional rent, for capitalising annual income. Where the rent received during the relevant year did not increase, there was no factual basis for enhancing the earlier valuation by 10 per cent. The assessee's valuation working also did not justify any upward revision. The property share value was therefore retained at Rs. 4,40,495 and the proposed enhancement was rejected. Case-Laws Wealth-tax Tue, 14 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69846