2001 (3) TMI 13

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..... ourt 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 land payable to the lessor is admissible as a deduction only if a house property is valued .....

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..... ibunal 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 adopted. For coming to such conclusion, the Tribunal held that such valuation governs the valuat .....

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