held that
ITA 145/2012 Page 2 of 8
the rent capitalization method is not a proper method for determining
the deemed sale consideration ... material to show that there was understatement and thus rent
capitalization method cannot be the basis to hold and compute the
alleged understatement
rental income yielded by those properties. He accordingly
applied the rent capitalization method as provided in rule 3 of Part B of
Schedule ... argued that at any
rate the value based on rent capitalization method as prescribed in the Schedule
III to the Wealth Tax Act was only
adopting different methods, inter alia the following methods have a larger acceptance in law;
(a) Sales Statistics Method: in applying this method, it has been ... Income Method; This method has also been applied by the Courts. In this method of determination of market value, capitalization of net income method
damages caused, ignoring the report submitted by the
commissioner by adopting capitalization method?
3. The case is that a wild elephant from the Kurichiyad
Forest
yield crops for a long number of years, say 20 years,
capitalization of net income at 20 years purchase was not improper. It
must ... adopted.
4. Even in the choice of multiplier when a capitalization
method is taken for fruit yielding trees, which have long span of life,
Courts
different type of trees, compound wall, etc. on
the basis of capitalized method. The said
disputes were referred to the Reference Court
for adjudication being ... Court was to assess the market value based on
the capitalized method. Under these
circumstances, we find that unless proper
evidence
Land Acquisition Act, 1894. The Reference
Court employed the capitalization method and raised the market
value to 90,000/- per acre. It also awarded
habilitation of Muttal village, as such, the criteria
of adopting capitalization method would not arise, rather non
agriculture potential has to be considered. However, since
habilitation of Muttal village, as such, the criteria
of adopting capitalization method would not arise, rather non
agriculture potential has to be considered. However, since
challenged before the Reference Court, and
the Reference Court following the capitalization method,
awarded compensation of Rs.12,600/- per acre. In the
said aspect
