https://www.taxtmi.com/caselaws?id=269528 The High Court upheld the Tribunal's decision to adopt State P.W.D. rates for building valuation in interior Tamil Nadu, emphasizing the importance of locally relevant valuation rates and consistency in valuation methods within the state. The Court supported the allowance of self-supervision and bulk purchase discounts in building valuation, highlighting the need to consider such factors. The judgment dismissed the appeal and stressed the error in adopting CPWD rates for valuing constructions in Tamil Nadu, emphasizing the significance of using location-specific valuation rates for accurate assessments. en-us Thu, 23 Jul 2015 00:00:00 +0530 Tue, 15 Dec 2015 22:42:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269528 The High Court upheld the Tribunal's decision to adopt State P.W.D. rates for building valuation in interior Tamil Nadu, emphasizing the importance of locally relevant valuation rates and consistency in valuation methods within the state. The Court supported the allowance of self-supervision and bulk purchase discounts in building valuation, highlighting the need to consider such factors. The judgment dismissed the appeal and stressed the error in adopting CPWD rates for valuing constructions in Tamil Nadu, emphasizing the significance of using location-specific valuation rates for accurate assessments. Case-Laws Income Tax Thu, 23 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269528