https://www.taxtmi.com/caselaws?id=59812 Under the rental method for valuing immovable property, the multiplier must reflect a reasonable capitalisation factor, and the age of the property is not a relevant basis for increasing it. The Tribunal held that a multiplier of 12 was appropriate for the properties in question and rejected a higher multiplier of 14 for the newer property. The multiplier for both properties was reduced to 12, and the assessee succeeded to that extent. en-us Sat, 03 Apr 1982 00:00:00 +0530 Sat, 01 Jan 2011 12:44:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59812 Under the rental method for valuing immovable property, the multiplier must reflect a reasonable capitalisation factor, and the age of the property is not a relevant basis for increasing it. The Tribunal held that a multiplier of 12 was appropriate for the properties in question and rejected a higher multiplier of 14 for the newer property. The multiplier for both properties was reduced to 12, and the assessee succeeded to that extent. Case-Laws Wealth-tax Sat, 03 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59812