https://www.taxtmi.com/caselaws?id=70648 The Tribunal directed a 30% deduction for limited marketability, a further 10% deduction for obsolescence, and a deduction for joint ownership (10% for two co-owners and 15% for more than two co-owners) to be allowed in the valuation of interests in various firms, land, buildings, plant, and machinery for assessment years 1975-76 to 1979-80. The Departmental appeals were dismissed, and the assessees' appeals were allowed in part, with the Assessing Officer instructed to modify the valuation accordingly. en-us Mon, 12 Jun 1989 00:00:00 +0530 Mon, 18 Apr 2011 13:01:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70648 The Tribunal directed a 30% deduction for limited marketability, a further 10% deduction for obsolescence, and a deduction for joint ownership (10% for two co-owners and 15% for more than two co-owners) to be allowed in the valuation of interests in various firms, land, buildings, plant, and machinery for assessment years 1975-76 to 1979-80. The Departmental appeals were dismissed, and the assessees' appeals were allowed in part, with the Assessing Officer instructed to modify the valuation accordingly. Case-Laws Wealth-tax Mon, 12 Jun 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70648