https://www.taxtmi.com/caselaws?id=7736 Where an approved valuer's report is found unreliable on concurrent factual findings, it is not binding or conclusive evidence of market value under the Estate Duty Act. In that situation, the authority may validly determine the principal value by capitalising the net annual rental in the open market, and the court will not interfere with the factual appreciation of valuation evidence. The only correction required was on repairs: the deduction had to be taken at one-sixth of rent, not one-twelfth, so the valuation was upheld subject to recomputation on that limited point. en-us Thu, 18 Dec 1969 00:00:00 +0530 Wed, 18 Mar 2009 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7736 Where an approved valuer's report is found unreliable on concurrent factual findings, it is not binding or conclusive evidence of market value under the Estate Duty Act. In that situation, the authority may validly determine the principal value by capitalising the net annual rental in the open market, and the court will not interfere with the factual appreciation of valuation evidence. The only correction required was on repairs: the deduction had to be taken at one-sixth of rent, not one-twelfth, so the valuation was upheld subject to recomputation on that limited point. Case-Laws Income Tax Thu, 18 Dec 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7736