1982 (4) TMI 108

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..... cutta, and of 12 for determination of the value of the property at 14, Phears Lane, Calcutta. 2. The WTO while determining the value of these two properties adopted rental method and applied a multiplier of 16 in respect of both the properties. In appeal before the AAC, the assessee contended that the house property at 16, Phears Lane was constructed about 16 years ago and that of 14 Phears Lan .....

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..... , were on the high side. The ld. Deptl. Rep. on the other hand, supported the order of the AAC. 4. We have heard the submissions of the both the parties and gone through the facts on record. In our opinion, adoption of multiplier of 12 in respect of property at 14, Phears Lane, Calcutta is quite reasonable, Moreover, we do not find any reason in respect of property at 16, Phears Lane, Calcutta, .....

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