https://www.taxtmi.com/caselaws?id=27159 The court affirmed the Tribunal's decision to allow a 10% deduction on the valuation of a property owned by co-owners when determined using the rental capitalization method. The ruling recognized the inherent disadvantages and limitations of owning a share in a property compared to absolute ownership, justifying the deduction to address these challenges. The court emphasized the widely accepted principle of allowing a deduction for co-owner's shares to account for the reduced attractiveness of such ownership interests to investors. en-us Fri, 14 Sep 1984 00:00:00 +0530 Thu, 11 Feb 2010 12:14:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27159 The court affirmed the Tribunal's decision to allow a 10% deduction on the valuation of a property owned by co-owners when determined using the rental capitalization method. The ruling recognized the inherent disadvantages and limitations of owning a share in a property compared to absolute ownership, justifying the deduction to address these challenges. The court emphasized the widely accepted principle of allowing a deduction for co-owner's shares to account for the reduced attractiveness of such ownership interests to investors. Case-Laws Wealth-tax Fri, 14 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27159