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1974 (7) TMI 46 - KARNATAKA HIGH COURTExtract: ....... it is reasonable to adopt the multiple of 10. Our answer to question No. (i), is, therefore, in the negative and in favour of the assessee. The Tribunal has to rehear the appeal and determine the rate of return which an investor in this class of property would expect in January, 1954. The assessee is entitled to his costs. Advocate s fee, Rs. 250.
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