https://www.taxtmi.com/caselaws?id=61386 Where reliable comparable market evidence exists, agricultural land is not to be valued by yield capitalisation, though a modest addition may be justified for uncultivated land still having residual value despite adverse possession. A gift deed naming an individual donee is not converted into a gift to the HUF merely by standard heirship language, and the addition was deleted. For long-standing tenancies, rent capitalisation is the proper basis for valuing tenanted property, and rule 1BB is mandatory for residential house valuation; the appellate valuations were upheld. The sum of Rs. 61,440 was treated as not includible in the assessee's hands, as the larger HUF was not shown to have ceased by a recognised partition. en-us Tue, 20 Jan 1987 00:00:00 +0530 Wed, 12 Jan 2011 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61386 Where reliable comparable market evidence exists, agricultural land is not to be valued by yield capitalisation, though a modest addition may be justified for uncultivated land still having residual value despite adverse possession. A gift deed naming an individual donee is not converted into a gift to the HUF merely by standard heirship language, and the addition was deleted. For long-standing tenancies, rent capitalisation is the proper basis for valuing tenanted property, and rule 1BB is mandatory for residential house valuation; the appellate valuations were upheld. The sum of Rs. 61,440 was treated as not includible in the assessee's hands, as the larger HUF was not shown to have ceased by a recognised partition. Case-Laws Wealth-tax Tue, 20 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61386