https://www.taxtmi.com/caselaws?id=9385 For valuing a vacant house property under rule 1BB of the Wealth-tax Rules, the reasonable expected rent may be assessed by reference to the actual rent obtained immediately after the valuation date where comparable local rent evidence is absent. The Kerala HC analysis applied the presumption of continuity under section 114 of the Evidence Act to treat the later letting as reliable evidence of the property's rental value around the gift date. On that basis, the gross maintainable rent was taken at the subsequent rent of Rs. 7,000 per month, and the valuation was upheld in favour of the Revenue. en-us Thu, 28 Jul 2005 00:00:00 +0530 Mon, 22 Jun 2009 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9385 For valuing a vacant house property under rule 1BB of the Wealth-tax Rules, the reasonable expected rent may be assessed by reference to the actual rent obtained immediately after the valuation date where comparable local rent evidence is absent. The Kerala HC analysis applied the presumption of continuity under section 114 of the Evidence Act to treat the later letting as reliable evidence of the property's rental value around the gift date. On that basis, the gross maintainable rent was taken at the subsequent rent of Rs. 7,000 per month, and the valuation was upheld in favour of the Revenue. Case-Laws Wealth-tax Thu, 28 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9385