https://www.taxtmi.com/caselaws?id=57041 The case involved determining the appropriate multiple for valuing rented properties and allowing deductions from gross rental income. The Tribunal concluded that a multiple of 12 times should be applied to the net rental value for determining the market value of the rented properties. This decision was reached after considering various legal authorities, expert opinions, and the prevailing interest rates on long-term deposits. The Tribunal emphasized the importance of consistency in judicial decisions and aligning with established precedents. en-us Thu, 28 May 1998 00:00:00 +0530 Wed, 08 Dec 2010 10:38:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57041 The case involved determining the appropriate multiple for valuing rented properties and allowing deductions from gross rental income. The Tribunal concluded that a multiple of 12 times should be applied to the net rental value for determining the market value of the rented properties. This decision was reached after considering various legal authorities, expert opinions, and the prevailing interest rates on long-term deposits. The Tribunal emphasized the importance of consistency in judicial decisions and aligning with established precedents. Case-Laws Income Tax Thu, 28 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57041