https://www.taxtmi.com/caselaws?id=58111 Immovable property valued on the yield basis requires the multiplier and related deductions to be fixed on the facts, with reasonableness governing the choice of multiplier and allowances for repairs and collection charges. On the facts stated, a 10-times multiplier and deductions for repairs and collection charges were sustained. The voluntary disclosure declaration under the Voluntary Disclosure Act, 1976 created a separate statutory relief, and that deduction could not be denied merely because the valuation was made by the yield method. The separate deduction of Rs. 50,000 was therefore allowable in computing value for the relevant years. en-us Fri, 01 Aug 1980 00:00:00 +0530 Fri, 17 Dec 2010 13:46:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58111 Immovable property valued on the yield basis requires the multiplier and related deductions to be fixed on the facts, with reasonableness governing the choice of multiplier and allowances for repairs and collection charges. On the facts stated, a 10-times multiplier and deductions for repairs and collection charges were sustained. The voluntary disclosure declaration under the Voluntary Disclosure Act, 1976 created a separate statutory relief, and that deduction could not be denied merely because the valuation was made by the yield method. The separate deduction of Rs. 50,000 was therefore allowable in computing value for the relevant years. Case-Laws Wealth-tax Fri, 01 Aug 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58111