https://www.taxtmi.com/caselaws?id=234988 The High Court set aside the Tribunal's decision in a case involving the valuation of a shopping-cum-residential complex in Coimbatore for the assessment year 1998-99. The Court ruled that Coimbatore should not be considered a small town and directed the Assessing Officer to reevaluate the construction cost using State PWD rates. The judgment highlighted the importance of considering factors like geographical location and material costs in determining construction costs for tax assessment purposes. en-us Tue, 04 Jun 2013 00:00:00 +0530 Sat, 06 Jul 2013 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234988 The High Court set aside the Tribunal's decision in a case involving the valuation of a shopping-cum-residential complex in Coimbatore for the assessment year 1998-99. The Court ruled that Coimbatore should not be considered a small town and directed the Assessing Officer to reevaluate the construction cost using State PWD rates. The judgment highlighted the importance of considering factors like geographical location and material costs in determining construction costs for tax assessment purposes. Case-Laws Income Tax Tue, 04 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234988