Home Case Index All Cases Indian Laws Indian Laws + HC Indian Laws - 1948 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1948 (4) TMI 13 - MADRAS HIGH COURTExtract: .......securities were carrying interest at three per cent, at the time of the acquisition. The annual rental value must therefore be capitalised at 331/3 years' purchase. To the value thus arrived, the statutory allowance of 15 per cent must be added. The appeal is allowed as indicated above with proportionate costs both here and in the Courts below.
|