https://www.taxtmi.com/caselaws?id=61252 The valuation of a house property in a commercial complex was examined on a capitalisation basis, with the revenue applying a multiple of 17 to net rental income. The Tribunal held that valuation must reflect relevant factors such as the property's nature and location, construction type, prevailing interest rates and market availability, and noted its consistent use of a multiple of 12 for similar town properties and the assessee's own later year. The higher multiple was not sustained, and valuation was directed to be computed by applying a multiple of 12. en-us Thu, 04 Nov 1982 00:00:00 +0530 Tue, 11 Jan 2011 14:39:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61252 The valuation of a house property in a commercial complex was examined on a capitalisation basis, with the revenue applying a multiple of 17 to net rental income. The Tribunal held that valuation must reflect relevant factors such as the property's nature and location, construction type, prevailing interest rates and market availability, and noted its consistent use of a multiple of 12 for similar town properties and the assessee's own later year. The higher multiple was not sustained, and valuation was directed to be computed by applying a multiple of 12. Case-Laws Wealth-tax Thu, 04 Nov 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61252