https://www.taxtmi.com/caselaws?id=37805 The court upheld the Tribunal's decision to apply the yield or rental method over the reversionary method in determining the fair market value of a property. The valuation based on a multiple of 12 1/2 was deemed appropriate, dismissing the appeal and awarding costs to the respondent. The court highlighted the significance of statutory rent controls in property valuation, aligning with established legal principles. en-us Fri, 20 Jan 1978 00:00:00 +0530 Thu, 01 Apr 2010 12:01:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37805 The court upheld the Tribunal's decision to apply the yield or rental method over the reversionary method in determining the fair market value of a property. The valuation based on a multiple of 12 1/2 was deemed appropriate, dismissing the appeal and awarding costs to the respondent. The court highlighted the significance of statutory rent controls in property valuation, aligning with established legal principles. Case-Laws Income Tax Fri, 20 Jan 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37805