https://www.taxtmi.com/caselaws?id=36534 The court held that the land and building method should be used to determine the market value of a self-occupied residential building for wealth tax assessment, rejecting the capitalisation of annual rental value method. It emphasized that valuation methods should be tailored to specific circumstances and that the land and building method provided a reasonable estimate in this case. The court highlighted the importance of using the most accurate valuation method rather than the lowest valuation. The Tribunal's decision to adopt the land and building method was deemed legally sound by the court. en-us Mon, 16 Jul 1979 00:00:00 +0530 Tue, 23 Mar 2010 10:41:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36534 The court held that the land and building method should be used to determine the market value of a self-occupied residential building for wealth tax assessment, rejecting the capitalisation of annual rental value method. It emphasized that valuation methods should be tailored to specific circumstances and that the land and building method provided a reasonable estimate in this case. The court highlighted the importance of using the most accurate valuation method rather than the lowest valuation. The Tribunal's decision to adopt the land and building method was deemed legally sound by the court. Case-Laws Wealth-tax Mon, 16 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36534