https://www.taxtmi.com/caselaws?id=11821 Where the estate duty statute provides no specific valuation method for property passing on death, valuation may be made by applying the recognised principles of rule 1BB of the Wealth-tax Rules, 1957, including rent capitalisation where appropriate, and a ten-times multiplier of net maintainable rent was treated as applicable to the property discussed. On ownership, the material showed that the deceased held a 1/3rd share in Nahata Bhawan, and that share was treated as passing on death for estate duty purposes. The ownership finding was against the accountable person, while the valuation issues were resolved in the accountable person's favour. en-us Thu, 20 Feb 2003 00:00:00 +0530 Tue, 09 Feb 2010 17:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11821 Where the estate duty statute provides no specific valuation method for property passing on death, valuation may be made by applying the recognised principles of rule 1BB of the Wealth-tax Rules, 1957, including rent capitalisation where appropriate, and a ten-times multiplier of net maintainable rent was treated as applicable to the property discussed. On ownership, the material showed that the deceased held a 1/3rd share in Nahata Bhawan, and that share was treated as passing on death for estate duty purposes. The ownership finding was against the accountable person, while the valuation issues were resolved in the accountable person's favour. Case-Laws Wealth-tax Thu, 20 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11821