https://www.taxtmi.com/caselaws?id=59322 Leased land was to be valued on the rent-capitalisation basis, with interest on deposits taken at 12% for earlier assessment years and 15% for later years; no further relief was granted on collection charges, and a 12% capitalisation rate was accepted. For excess land in own occupation, statutory restrictions under the land acquisition and urban land ceiling regime limited the realizable value to Rs. 10 per sq. mt., and valuation had to reflect that ceiling. The only unresolved matter was the actual area in own occupation, which required verification and was remanded for factual determination. en-us Mon, 21 Apr 1997 00:00:00 +0530 Mon, 27 Dec 2010 19:08:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59322 Leased land was to be valued on the rent-capitalisation basis, with interest on deposits taken at 12% for earlier assessment years and 15% for later years; no further relief was granted on collection charges, and a 12% capitalisation rate was accepted. For excess land in own occupation, statutory restrictions under the land acquisition and urban land ceiling regime limited the realizable value to Rs. 10 per sq. mt., and valuation had to reflect that ceiling. The only unresolved matter was the actual area in own occupation, which required verification and was remanded for factual determination. Case-Laws Wealth-tax Mon, 21 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59322