https://www.taxtmi.com/circulars?id=8689 Valuation by income capitalisation should use the actual existing rental where it compares favourably with similar properties; a valuer's substitution of a substantially lower hypothetical rent and application of a fixed yield to reduce market value is unsupported by accepted valuation authority. Departures from actual rent require specific, documented factors indicating future change, since expected variability is reflected in the yield rate not by arbitrarily lowering current income. en-us Wed, 29 Apr 1970 00:00:00 +0530 Wed, 25 May 2011 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8689 Valuation by income capitalisation should use the actual existing rental where it compares favourably with similar properties; a valuer's substitution of a substantially lower hypothetical rent and application of a fixed yield to reduce market value is unsupported by accepted valuation authority. Departures from actual rent require specific, documented factors indicating future change, since expected variability is reflected in the yield rate not by arbitrarily lowering current income. Circulars Income Tax Wed, 29 Apr 1970 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8689