https://www.taxtmi.com/caselaws?id=16663 For estate duty valuation, property must be valued as at the date of death on the facts then existing, so compensation awarded years later after an uncertain acquisition cannot be treated as a relevant determinant of value. The rental basis reflected in the wealth-tax assessment was a recognised and rational method of valuation, and the Tribunal committed no error of law in accepting it. A later reopening of the wealth-tax assessment did not undermine the estate duty valuation, which remained correct on the material available at the relevant date. en-us Thu, 20 Aug 1998 00:00:00 +0530 Wed, 09 Sep 2009 12:30:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16663 For estate duty valuation, property must be valued as at the date of death on the facts then existing, so compensation awarded years later after an uncertain acquisition cannot be treated as a relevant determinant of value. The rental basis reflected in the wealth-tax assessment was a recognised and rational method of valuation, and the Tribunal committed no error of law in accepting it. A later reopening of the wealth-tax assessment did not undermine the estate duty valuation, which remained correct on the material available at the relevant date. Case-Laws Income Tax Thu, 20 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16663