https://www.taxtmi.com/caselaws?id=61228 Rented immovable properties for wealth-tax purposes may be valued by capitalising the net maintainable rent where that method reflects the facts of the case. Here, the revenue valuation and the figure sustained in appeal were found excessive, and an appropriate capitalisation multiple of 10 was applied to the rent yielding from the properties. On that basis, the valuation was worked out at Rs. 3,21,200, resulting in a lower wealth-tax value and relief to the assessee. en-us Wed, 12 Jan 1983 00:00:00 +0530 Tue, 11 Jan 2011 13:54:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61228 Rented immovable properties for wealth-tax purposes may be valued by capitalising the net maintainable rent where that method reflects the facts of the case. Here, the revenue valuation and the figure sustained in appeal were found excessive, and an appropriate capitalisation multiple of 10 was applied to the rent yielding from the properties. On that basis, the valuation was worked out at Rs. 3,21,200, resulting in a lower wealth-tax value and relief to the assessee. Case-Laws Wealth-tax Wed, 12 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61228