1982 (3) TMI 154

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....bined order of the AAC for the assessment years 1970-71 to 1975-76. In this set of appeals, we are concerned only with the assessment years 1970-71 to 1972-73. The dispute relates to the valuation of a building which is partly let out and partly in self-occupation. Shri Ranka, learned counsel for the assessee argues that regarding the out portion the dispute relates only to the multiple. The let o....

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....se facts, we are of the view that the multiple 12 times as applied by the assessee has to be accepted. The WTO is, therefore, directed to recompute the value taking the multiple 12 times. 2. The only contention regarding the self-occupied property of Shri Ranka is that in view of section 7 (4) of the Wealth-tax Act, 1957, the same value should be taken for the subsequent years as was adopted fo....