https://www.taxtmi.com/caselaws?id=58924 The Tribunal partly allowed the assessee's appeal in a dispute over the valuation of land for the assessment year 1991-92. The Assessing Officer's determination of the market value at Rs. 1,53,02,700 was upheld based on rule 20 of Schedule III, considering discrepancies in net maintainable rent computation and a deposit of Rs. 72 lakhs. The Tribunal adjusted the valuation by considering the benefit derived from the deposit and made corrections to the rental value calculation, resulting in a recalculated market value of Rs. 1,08,00,000 due to encumbrances. en-us Mon, 09 Dec 1996 00:00:00 +0530 Wed, 22 Dec 2010 18:12:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58924 The Tribunal partly allowed the assessee's appeal in a dispute over the valuation of land for the assessment year 1991-92. The Assessing Officer's determination of the market value at Rs. 1,53,02,700 was upheld based on rule 20 of Schedule III, considering discrepancies in net maintainable rent computation and a deposit of Rs. 72 lakhs. The Tribunal adjusted the valuation by considering the benefit derived from the deposit and made corrections to the rental value calculation, resulting in a recalculated market value of Rs. 1,08,00,000 due to encumbrances. Case-Laws Wealth-tax Mon, 09 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58924