1987 (10) TMI 380 - HC - Wealth-tax

Summary

The High Court of Allahabad decided that reversionary value should not be added to the value of a building determined by rent capitalization method. The Tribunal's decision was upheld, ruling in favor of the assessee. The case references were disposed of by a common order. The Tribunal was directed to pass orders in accordance with the judgment. No costs were awarded in this case.