https://www.taxtmi.com/caselaws?id=25225 The Tribunal determined the market value of each undivided share in the jointly owned property at Rs. 1,75,000 by averaging values from the land and building method and the rent capitalization method. It rejected an addition for the value of land at the second floor level and applied a 20% discount for the undivided share, resulting in the final valuation. The Tribunal's decision was upheld for multiple assessment years, affirming the valuation methodology and adjustments made, ultimately favoring the assessee over the Revenue. en-us Mon, 28 Mar 1988 00:00:00 +0530 Wed, 27 Jan 2010 12:30:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25225 The Tribunal determined the market value of each undivided share in the jointly owned property at Rs. 1,75,000 by averaging values from the land and building method and the rent capitalization method. It rejected an addition for the value of land at the second floor level and applied a 20% discount for the undivided share, resulting in the final valuation. The Tribunal's decision was upheld for multiple assessment years, affirming the valuation methodology and adjustments made, ultimately favoring the assessee over the Revenue. Case-Laws Wealth-tax Mon, 28 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25225