considered the scope of guideline value in paragraphs 22 and 24, which reads as follows:
"22. The guideline value has relevance only ... actual market value of property. The authorities cannot regard the guideline valuation as the last word on the subject of market value. This position
value found in the valuation report. The Learned Single Judge also found that the Corporation has not adopted the guidelines issued by Supreme Court ... coverage
To the outstanding(Rs.144,90 lakhs)
0.41
To the valuation
Guideline value
1.30
Market value
0.76
As per HO Circular No.2 TIIC
establish the valuation. The contention of the taxpayer is that
the valuation was made on the basis of the guideline issued by RBI taking
into ... adopted for
valuation of securities. It is seen that the Tribunal accepted the
assessee's valuation which is based on RBI guidelines
actual market value of property. The
authorities cannot regard the guideline
valuation as the last word on the subject
of market value. XXXX This scheme ... presumption that may flow from such guideline
market value. We however hasten to add that
the guideline market value can be a relevant
piece
Delhi Stamp
(Prevention of Under Valuation of Instruments) Rules 2007 indicates that the
circle rates shall act as valuation guidelines for purpose of assessing
suit is to be valued. According
3
to the said guidelines, the valuation of the property in suit
would ... more or less value than
prescribed in the guidelines. The guidelines are made for the
purposes of assessment of stamp duty for registration
appreciate the
fact that the assessee bank has followed the RBI
guidelines for valuation of investment portfolio for the
purpose of books but has treated ... clear that the bank has to adopt
guidelines issued by the RBI with respect to valuation of
investment portfolio and also Accounting Standards of investments
instructed to value the answer papers as per the guidelines/instruction for valuation and each one of them valued as per the said guidelines, which ... Examiner having applied his mind by considering the guidelines given by the High court regarding valuation, directing to value question No.4 again will amount
find that the
valuation as given in P1 cannot be an appropriate exemplar for
consideration. For the same reason, the valuation as given ... cannot also, in my view, afford an appropriate
guideline for valuation since they are in respect of small parcels of
land. P25 is a sale
Central Valuation Committee. The Central
Valuation Committee thereafter accepted the
report of the Sub-committee and consequently the
guideline market value is fixed in respect ... property is
lesser than or higher than the guideline market
value. Guideline market value is not the actual
market value. It is only
