https://www.taxtmi.com/caselaws?id=303175 Valuation of fruit-bearing trees by capitalisation requires the annual net yield to be converted into capital value using a multiplier reflecting return period, safety and risk. Where compensation is assessed on the basis of yield from trees or plantations, the settled rule is that the multiplier should ordinarily not exceed 8 years. The text notes that earlier decisions linked the multiplier to prevailing safe returns and the nature of the investment. Although the High Court had applied an 18 years' multiplier, the stated legal position was that 8 years was the proper benchmark; interference was nonetheless declined because the amount involved was small. en-us Fri, 15 Mar 2002 00:00:00 +0530 Thu, 07 Jul 2022 12:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303175 Valuation of fruit-bearing trees by capitalisation requires the annual net yield to be converted into capital value using a multiplier reflecting return period, safety and risk. Where compensation is assessed on the basis of yield from trees or plantations, the settled rule is that the multiplier should ordinarily not exceed 8 years. The text notes that earlier decisions linked the multiplier to prevailing safe returns and the nature of the investment. Although the High Court had applied an 18 years' multiplier, the stated legal position was that 8 years was the proper benchmark; interference was nonetheless declined because the amount involved was small. Case-Laws Indian Laws Fri, 15 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303175