https://www.taxtmi.com/caselaws?id=282208 Rateable value for land and building may be reassessed afresh where the original valuation is not sustainable on the evidence; the market value of land and the cost of construction can both be reconsidered, with the owner allowed to prove actual construction cost and valuation material such as CPWD rates used only as a guideline. A refundable security deposit is distinct from rent, and absent evidence that rent was depressed or the deposit was a rent substitute, no notional addition for presumed interest or income from the deposit can be made for rateable value purposes. en-us Tue, 20 Aug 1991 00:00:00 +0530 Fri, 26 Jul 2019 18:25:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282208 Rateable value for land and building may be reassessed afresh where the original valuation is not sustainable on the evidence; the market value of land and the cost of construction can both be reconsidered, with the owner allowed to prove actual construction cost and valuation material such as CPWD rates used only as a guideline. A refundable security deposit is distinct from rent, and absent evidence that rent was depressed or the deposit was a rent substitute, no notional addition for presumed interest or income from the deposit can be made for rateable value purposes. Case-Laws Indian Laws Tue, 20 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282208