https://www.taxtmi.com/caselaws?id=20852 The High Court of Rajasthan upheld the Income-tax Appellate Tribunal's decision to value a property using the rent capitalization method instead of actual receipts of rent for the assessment year 1978-79. The court emphasized the application of res judicata in taxation proceedings, stating that once a valuation is finalized without new facts, it should not be reopened. The judgment highlights the importance of consistency in valuation methods and the finality of decisions in tax litigations to maintain stability in assessments. en-us Tue, 13 Oct 1992 00:00:00 +0530 Tue, 17 Nov 2009 16:07:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20852 The High Court of Rajasthan upheld the Income-tax Appellate Tribunal's decision to value a property using the rent capitalization method instead of actual receipts of rent for the assessment year 1978-79. The court emphasized the application of res judicata in taxation proceedings, stating that once a valuation is finalized without new facts, it should not be reopened. The judgment highlights the importance of consistency in valuation methods and the finality of decisions in tax litigations to maintain stability in assessments. Case-Laws Wealth-tax Tue, 13 Oct 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20852