https://www.taxtmi.com/caselaws?id=38826 The Tribunal upheld the valuation of the immovable property based on rental income, considering tenancy issues and lack of evidence for separate land and building valuation. The decision emphasized that valuation should reflect market dynamics, with the judgment favoring the assessee. The court ruled against the referred question, with each party bearing its costs. en-us Fri, 13 Sep 1974 00:00:00 +0530 Fri, 09 Apr 2010 12:31:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38826 The Tribunal upheld the valuation of the immovable property based on rental income, considering tenancy issues and lack of evidence for separate land and building valuation. The decision emphasized that valuation should reflect market dynamics, with the judgment favoring the assessee. The court ruled against the referred question, with each party bearing its costs. Case-Laws Wealth-tax Fri, 13 Sep 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38826