https://www.taxtmi.com/caselaws?id=302554 Rent capitalisation is an approved method for valuing let out immovable property, and the Tribunal's use of that method was supported by factual findings that the gifted property was tenanted, the tenant had long possession, and occupation continued after the gift. On that basis, the High Court held that the dispute did not raise any question of law for reference. The reference was declined. en-us Wed, 28 Mar 2001 00:00:00 +0530 Sat, 04 Jun 2022 13:03:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302554 Rent capitalisation is an approved method for valuing let out immovable property, and the Tribunal's use of that method was supported by factual findings that the gifted property was tenanted, the tenant had long possession, and occupation continued after the gift. On that basis, the High Court held that the dispute did not raise any question of law for reference. The reference was declined. Case-Laws Income Tax Wed, 28 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302554