https://www.taxtmi.com/caselaws?id=71461 For estate duty purposes, one residential house or part thereof belonging to the deceased must be valued under the concessional framework of section 36(3) of the Estate Duty Act by applying the Wealth-tax valuation method, including rule 1BB where applicable, so the self-occupied and tenanted portions of the house were correctly valued on that basis. The 17 per cent repairs deduction was upheld as consistent with the rent-capitalisation approach for an old residential building. The surplus open land was also reasonably valued at Re. 1 per sq. ft. because old-grant and cantonment restrictions materially depressed its marketability and use. en-us Mon, 14 Sep 1992 00:00:00 +0530 Mon, 25 Apr 2011 10:14:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71461 For estate duty purposes, one residential house or part thereof belonging to the deceased must be valued under the concessional framework of section 36(3) of the Estate Duty Act by applying the Wealth-tax valuation method, including rule 1BB where applicable, so the self-occupied and tenanted portions of the house were correctly valued on that basis. The 17 per cent repairs deduction was upheld as consistent with the rent-capitalisation approach for an old residential building. The surplus open land was also reasonably valued at Re. 1 per sq. ft. because old-grant and cantonment restrictions materially depressed its marketability and use. Case-Laws Income Tax Mon, 14 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71461