2000 (11) TMI 21

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....ng owned by the assessee had been let out during the assessment year 1972-73. However, all that was necessary for the letting out was not owned by the assessee, inasmuch as the lifts and the electrical installations without which the building could not be put to commercial use were not owned by the assessee. The Tribunal, therefore, accepted the plea of the assessee that the rental method by itsel....

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....e rental value of office space therein, which is subject to that space being conveniently accessible and the space being usable with the aid of power. Part of the rental value being attributable to the availability of the lifts and the electrical installations, the same has to be excluded while determining the assessable value of the building by the rental method, as the lifts and electrical insta....