https://www.taxtmi.com/caselaws?id=8456 The court directed the Tribunal to reconsider the case, focusing on whether the lease covered the entire property or just the building. The Tribunal's assumption that the lease was only for the building was deemed incorrect. The court instructed the Tribunal to choose a valuation method based on the lease scope; if for the entire property, either the capitalized value or market value should be used. The decision favored the assessee, with the Tribunal given the chance to gather additional evidence before a new ruling, and no costs were awarded. en-us Thu, 03 Feb 1972 00:00:00 +0530 Wed, 15 Apr 2009 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8456 The court directed the Tribunal to reconsider the case, focusing on whether the lease covered the entire property or just the building. The Tribunal's assumption that the lease was only for the building was deemed incorrect. The court instructed the Tribunal to choose a valuation method based on the lease scope; if for the entire property, either the capitalized value or market value should be used. The decision favored the assessee, with the Tribunal given the chance to gather additional evidence before a new ruling, and no costs were awarded. Case-Laws Wealth-tax Thu, 03 Feb 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8456