https://www.taxtmi.com/caselaws?id=25554 The High Court held that the reversionary value of land should not be included in the valuation of properties using the rent capitalization method. The Court emphasized that the valuation should reflect the market value of the asset and that including the reversionary value would amount to double counting. The judgment favored the assessee, affirming the Tribunal's decision and rejecting the Department's valuation method. en-us Fri, 10 Apr 1987 00:00:00 +0530 Fri, 29 Jan 2010 13:46:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25554 The High Court held that the reversionary value of land should not be included in the valuation of properties using the rent capitalization method. The Court emphasized that the valuation should reflect the market value of the asset and that including the reversionary value would amount to double counting. The judgment favored the assessee, affirming the Tribunal's decision and rejecting the Department's valuation method. Case-Laws Wealth-tax Fri, 10 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25554