https://www.taxtmi.com/caselaws?id=14647 Market value must be assessed by considering all factors affecting title and comparability, including absence of title deeds, a cloud on title, and any pending challenge to the release deed, because these circumstances can affect market perception and creditworthiness. A valuation based on sale of a smaller comparable plot is not reliable unless proper adjustment is made for differences in size, as smaller plots may command a higher rate and cannot be treated as directly comparable to larger land. The valuation order was therefore held unsustainable, set aside, and the matter was remanded for fresh decision in accordance with law after hearing the parties. en-us Fri, 13 Nov 1998 00:00:00 +0530 Fri, 17 Jul 2009 17:23:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14647 Market value must be assessed by considering all factors affecting title and comparability, including absence of title deeds, a cloud on title, and any pending challenge to the release deed, because these circumstances can affect market perception and creditworthiness. A valuation based on sale of a smaller comparable plot is not reliable unless proper adjustment is made for differences in size, as smaller plots may command a higher rate and cannot be treated as directly comparable to larger land. The valuation order was therefore held unsustainable, set aside, and the matter was remanded for fresh decision in accordance with law after hearing the parties. Case-Laws Income Tax Fri, 13 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14647