2000 (11) TMI 21

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..... hat 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 itself would not be the appropriate method to be adopted for valuing the building for purpose of .....

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..... essible 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 installations are not owned by the assessee. Adopting the average of the values determined by the .....

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