Valuation of immovable property::
Last updated: 07 September 2007
Court :
HC
Brief :
Held by the court that any Immovable property can not be valued at reversionary value for the purpose of capitalising the net annual letting value
Citation :
C.I.T. Vs. Dalpat Singh And Others
Valuation of immovable property
C.I.T. Vs. Dalpat Singh And Others 31/08/2004
(2005) 276 ITR 133 (Allahabad)
Case Fact: Whether immovable property can be valued at its reversionary value.
Decision: Held by the court that any Immovable property can not be valued at reversionary value for the purpose of capitalising the net annual letting value
CA.Saibaburao Nanduri
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