https://www.taxtmi.com/caselaws?id=9814 The High Court held that the Tribunal erred in applying the income capitalization method to value the cold storage. Instead, the appropriate method was the land and building method as per the Wealth-tax Act. The Court emphasized the importance of considering the balance-sheet figures and rejected the Tribunal's modifications. The decision favored the Revenue over the assessee, with costs not awarded. en-us Fri, 21 Oct 2005 00:00:00 +0530 Wed, 01 Jul 2009 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9814 The High Court held that the Tribunal erred in applying the income capitalization method to value the cold storage. Instead, the appropriate method was the land and building method as per the Wealth-tax Act. The Court emphasized the importance of considering the balance-sheet figures and rejected the Tribunal's modifications. The decision favored the Revenue over the assessee, with costs not awarded. Case-Laws Wealth-tax Fri, 21 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9814