https://www.taxtmi.com/caselaws?id=60284 For estate duty valuation of a wholly let-out commercial property comprising godowns, the proper method was capitalisation of net rent. The valuation had to reflect the fair yield a prudent investor would expect on the date of death, and the special rules or valuation guidance relied on by one side did not displace that practical assessment. Comparable material was relevant only as a guide to a fair range of yield. On that basis, the appropriate multiplier was 8.5 times rather than 12 times. en-us Fri, 15 Feb 1985 00:00:00 +0530 Tue, 04 Jan 2011 15:21:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60284 For estate duty valuation of a wholly let-out commercial property comprising godowns, the proper method was capitalisation of net rent. The valuation had to reflect the fair yield a prudent investor would expect on the date of death, and the special rules or valuation guidance relied on by one side did not displace that practical assessment. Comparable material was relevant only as a guide to a fair range of yield. On that basis, the appropriate multiplier was 8.5 times rather than 12 times. Case-Laws Income Tax Fri, 15 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60284