https://www.taxtmi.com/caselaws?id=18825 The High Court affirmed the Appellate Tribunal's valuation methods and rates for properties located at 150-A and 123-A, Mount Road, Madras. The Tribunal's approach using a combination of rent capitalization and deferred value methods was deemed scientific and sustainable. The capitalization rate of ten percent, deferred value computation rate of eight percent, land values per ground, vacancy allowance of five percent, and deduction for common private roads were all upheld as reasonable and based on relevant market data. The Court ruled in favor of the appellant, with no costs awarded and counsel's fee fixed at Rs. 1,000. en-us Wed, 21 Dec 1994 00:00:00 +0530 Mon, 02 Nov 2009 12:21:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18825 The High Court affirmed the Appellate Tribunal's valuation methods and rates for properties located at 150-A and 123-A, Mount Road, Madras. The Tribunal's approach using a combination of rent capitalization and deferred value methods was deemed scientific and sustainable. The capitalization rate of ten percent, deferred value computation rate of eight percent, land values per ground, vacancy allowance of five percent, and deduction for common private roads were all upheld as reasonable and based on relevant market data. The Court ruled in favor of the appellant, with no costs awarded and counsel's fee fixed at Rs. 1,000. Case-Laws Wealth-tax Wed, 21 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18825