https://www.taxtmi.com/circulars?id=10940 The circular clarifies that the specified valuation basis applies only to furniture, fittings and air conditioning and not to residential accommodation. For buildings owned and let by the company, the municipal annual rateable value may be taken as rent simpliciter, and where accommodation is furnished an additional valuation component equal to the prescribed proportion of the cost of furniture, fittings and air conditioning should be added. en-us Tue, 20 Sep 1977 00:00:00 +0530 Fri, 17 Jun 2011 18:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10940 The circular clarifies that the specified valuation basis applies only to furniture, fittings and air conditioning and not to residential accommodation. For buildings owned and let by the company, the municipal annual rateable value may be taken as rent simpliciter, and where accommodation is furnished an additional valuation component equal to the prescribed proportion of the cost of furniture, fittings and air conditioning should be added. Circulars Companies Law Tue, 20 Sep 1977 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10940