https://www.taxtmi.com/caselaws?id=55851 The ITAT allowed the appeals challenging the valuation of Navrang Cinema for assessment years 1969-70 to 1975-76. It endorsed the income capitalisation method for valuation, set the rate of capitalisation at 12% for the leasehold property, and emphasized fair rent determination under the Rent Control Act in property valuation. The decision highlighted the importance of considering inter-relations between parties in property transactions and the significance of using appropriate valuation methods based on the property's circumstances. en-us Tue, 10 Feb 1981 00:00:00 +0530 Tue, 30 Nov 2010 14:07:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55851 The ITAT allowed the appeals challenging the valuation of Navrang Cinema for assessment years 1969-70 to 1975-76. It endorsed the income capitalisation method for valuation, set the rate of capitalisation at 12% for the leasehold property, and emphasized fair rent determination under the Rent Control Act in property valuation. The decision highlighted the importance of considering inter-relations between parties in property transactions and the significance of using appropriate valuation methods based on the property's circumstances. Case-Laws Wealth-tax Tue, 10 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55851