https://www.taxtmi.com/caselaws?id=40089 When additional construction is raised on property already valued, rateable value must be determined by applying the standard-rent framework to the later addition and, where the extension forms part of the same tenancy, adjusting the standard rent accordingly. If the added portion is a distinct unit, the prescribed formula for partly self-occupied and partly tenanted premises applies. The market value of the land cannot be counted twice, first for the original structure and again for the subsequent addition. Because this valuation principle had already been conclusively settled, no clarification was warranted on the issue. en-us Tue, 18 Aug 1987 00:00:00 +0530 Wed, 24 Oct 2018 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40089 When additional construction is raised on property already valued, rateable value must be determined by applying the standard-rent framework to the later addition and, where the extension forms part of the same tenancy, adjusting the standard rent accordingly. If the added portion is a distinct unit, the prescribed formula for partly self-occupied and partly tenanted premises applies. The market value of the land cannot be counted twice, first for the original structure and again for the subsequent addition. Because this valuation principle had already been conclusively settled, no clarification was warranted on the issue. Case-Laws Income Tax Tue, 18 Aug 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40089