https://www.taxtmi.com/caselaws?id=23980 Questions on valuation of a let-out property were treated as legal issues, but they were already settled by the Supreme Court in the assessee's own case. The settled principle was that, where the rental method is applied, valuation must be based on standard rent. In light of that binding position, the proposed questions did not warrant further reference to the High Court, and the reference request was declined. en-us Wed, 12 Jul 1989 00:00:00 +0530 Fri, 15 Jan 2010 15:44:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23980 Questions on valuation of a let-out property were treated as legal issues, but they were already settled by the Supreme Court in the assessee's own case. The settled principle was that, where the rental method is applied, valuation must be based on standard rent. In light of that binding position, the proposed questions did not warrant further reference to the High Court, and the reference request was declined. Case-Laws Wealth-tax Wed, 12 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23980