https://www.taxtmi.com/caselaws?id=189052 Municipal annual value could not be sustained under the residual assessment power where standard rent was capable of determination under the statutory principles in Section 6 of the Delhi Rent Control Act, 1958. The assessing authority had to estimate relevant factors such as construction cost and land value itself; the assessee's incomplete material could justify an adverse inference, but not dispense with determination on the correct basis. Standard rent fixed for another premises also could not be mechanically adopted for the subject property, because rent must be assessed by reference to that specific premises and the governing statutory criteria. The impugned assessments and appellate orders were therefore set aside and the matter remitted for fresh assessment. en-us Mon, 09 Sep 1996 00:00:00 +0530 Tue, 27 Dec 2016 10:14:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189052 Municipal annual value could not be sustained under the residual assessment power where standard rent was capable of determination under the statutory principles in Section 6 of the Delhi Rent Control Act, 1958. The assessing authority had to estimate relevant factors such as construction cost and land value itself; the assessee's incomplete material could justify an adverse inference, but not dispense with determination on the correct basis. Standard rent fixed for another premises also could not be mechanically adopted for the subject property, because rent must be assessed by reference to that specific premises and the governing statutory criteria. The impugned assessments and appellate orders were therefore set aside and the matter remitted for fresh assessment. Case-Laws Income Tax Mon, 09 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189052