https://www.taxtmi.com/caselaws?id=37587 In an appeal confined to a question of law, the High Court declined to interfere with the Tribunal's fair market value determination under section 269H of the Income-tax Act, 1961. The Court held that valuation adjustments for freehold character, irregular shape, and other factual disadvantages did not admit of any fixed legal formula and depended on the facts of each case. Because the Tribunal had considered the material and reached a factual estimate within its fact-finding function, no perversity or legal error was shown. The challenge to the Tribunal's valuation therefore failed. en-us Mon, 21 Aug 1978 00:00:00 +0530 Sun, 02 May 2010 23:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37587 In an appeal confined to a question of law, the High Court declined to interfere with the Tribunal's fair market value determination under section 269H of the Income-tax Act, 1961. The Court held that valuation adjustments for freehold character, irregular shape, and other factual disadvantages did not admit of any fixed legal formula and depended on the facts of each case. Because the Tribunal had considered the material and reached a factual estimate within its fact-finding function, no perversity or legal error was shown. The challenge to the Tribunal's valuation therefore failed. Case-Laws Income Tax Mon, 21 Aug 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37587