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Valuation of immovable property::

Last updated: 07 September 2007

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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

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Judgement posted by

CA.Saibaburao Nanduri

Chartered Accountant

I am a commerce graduarte of Andhra University. Studied at HINDU COLLEGE, Guntur. Became FCA and started Practice under the name and style of M/s SAIBABU RAO CO I became Chairman of CA Institute, Guntur Branch, during the year 2008-09 My post qualifications are: Information Systems Audit DISA (ICAI) ... Read more

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