https://www.taxtmi.com/acts?id=6482 Rule 1BB prescribed a rent-based valuation formula for houses used mainly for residential purposes, capitalising net maintainable rent at prescribed fractions (with alternative fractions for leasehold cases), defined gross and net maintainable rent and allowable deductions, required upward adjustments where unbuilt plot area exceeded location-specific specified areas, allowed reductions for leasehold unearned increase claims, and permitted Wealth-tax Officer departure or alternative valuation with Inspecting Assistant Commissioner approval in defined situations. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 14 Sep 2012 15:56:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6482 Rule 1BB prescribed a rent-based valuation formula for houses used mainly for residential purposes, capitalising net maintainable rent at prescribed fractions (with alternative fractions for leasehold cases), defined gross and net maintainable rent and allowable deductions, required upward adjustments where unbuilt plot area exceeded location-specific specified areas, allowed reductions for leasehold unearned increase claims, and permitted Wealth-tax Officer departure or alternative valuation with Inspecting Assistant Commissioner approval in defined situations. Act-Rules Wealth-tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6482