https://www.taxtmi.com/caselaws?id=58280 The Tribunal dismissed both the revenue's appeals and the assessee's cross-objections, upholding the Appellate Assistant Commissioner's valuation based on a 10% yield for ground rent income for the assessment years 1977-78, 1978-79, and 1979-80. The decision emphasized the need for a case-specific approach to property valuation, considering factors such as property type, market conditions, and prevailing yield rates in determining the appropriate multiplying factor for income capitalization. en-us Thu, 19 Mar 1987 00:00:00 +0530 Sat, 18 Dec 2010 12:48:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58280 The Tribunal dismissed both the revenue's appeals and the assessee's cross-objections, upholding the Appellate Assistant Commissioner's valuation based on a 10% yield for ground rent income for the assessment years 1977-78, 1978-79, and 1979-80. The decision emphasized the need for a case-specific approach to property valuation, considering factors such as property type, market conditions, and prevailing yield rates in determining the appropriate multiplying factor for income capitalization. Case-Laws Wealth-tax Thu, 19 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58280