Valuation of agricultural land comprised in tea, coffee, rubber and cardamom plantations-Guidelines regarding

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....le No. 319/15/80-WT (Reported in [1982] 134 ITR (St.) 167) on the above subject. In view of various practical difficulties in implementing this circular the Board makes the following broad guidelines for the valuation of lands comprised in coffee plantations in order to have some uniform procedure for speedy completion of the pending assessments as far as Karnataka charges are concerned. 2. The p....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of six years' production of the yielding area is to be arrived at on this basis. Where, however, six years' data is not available, the average is to be worked out with reference to the number of years for which yield is available. 4. In respect of lands at 2(b) above, the value may be taken at Rs. 3,000 per acre with due consideration to peculiar factors in individual cases. With regard to value ....