https://www.taxtmi.com/circulars?id=9322 Valuation of a lessor's interest comprises the lessor's right to receive rent during the lease and the reversionary interest on lease determination; assessment must reflect the certainty and timing of reversion, accounting for the impact of rent control protections and recognized exceptions, and must take lease provisions on renewal into account when estimating income duration and prospect of reversion. en-us Fri, 29 Feb 1980 00:00:00 +0530 Fri, 03 Jun 2011 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9322 Valuation of a lessor's interest comprises the lessor's right to receive rent during the lease and the reversionary interest on lease determination; assessment must reflect the certainty and timing of reversion, accounting for the impact of rent control protections and recognized exceptions, and must take lease provisions on renewal into account when estimating income duration and prospect of reversion. Circulars Income Tax Fri, 29 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9322