2001 (3) TMI 13

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....he accountable person, the following question has been referred for the opinion of this court under section 64(1) of the Estate Duty Act, 1953 (in short "the Act"), by the Income-tax Appellate Tribunal, Delhi Bench "B": "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in taking the view that 50 per cent. of the unearned increase in the value of the ....

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....ion of the value of the building on yield basis and addition thereto of land value. The Tribunal was of the view that after working out the value of the building on rental yield basis, there was no necessity for further adding the reversionary value of land. Accordingly, it was held that the value of the land as added was to be excluded and only valuation on the rental yield basis was to be adopte....