https://www.taxtmi.com/caselaws?id=12664 Valuation of a godown for estate-duty purposes may use a multiplier reflecting prevailing market interest rates; long-term fixed-deposit rates were treated as relevant, supporting use of a multiplier of 10 rather than an earlier multiplier adopted under different market conditions. In valuing a deceased coparcener's interest in Hindu undivided family property, a deduction for the marriage of unmarried daughters was sustained because their interests could not be excluded from the valuation exercise under section 39(1). The restricted deduction under section 33(1)(k) was not treated as controlling in that context. The valuation and deduction approach was regarded as reasonable and legally supportable. en-us Tue, 08 Jan 2002 00:00:00 +0530 Wed, 20 May 2009 18:24:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12664 Valuation of a godown for estate-duty purposes may use a multiplier reflecting prevailing market interest rates; long-term fixed-deposit rates were treated as relevant, supporting use of a multiplier of 10 rather than an earlier multiplier adopted under different market conditions. In valuing a deceased coparcener's interest in Hindu undivided family property, a deduction for the marriage of unmarried daughters was sustained because their interests could not be excluded from the valuation exercise under section 39(1). The restricted deduction under section 33(1)(k) was not treated as controlling in that context. The valuation and deduction approach was regarded as reasonable and legally supportable. Case-Laws Income Tax Tue, 08 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12664