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Gross rent against the actual gross yearly rental.

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Full Text of the Document

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....t against the actual gross yearly rental of Rs.84,000 and after deducting 30% as outgoings he capitalised a hypothetical net yearly rental of Rs.24,788 as against the actual net rental of Rs.65,744. It seems that the valuer argued that the existing high rental was on account of temporary inflation of rents and while working out the market value by Income capitalisation approach gross rents should ....

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