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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Annual value determination: tax basis set by higher of expected letting value or actual rent, with specified deductions and exceptions.</h1> Clause 21 defines annual value as the higher of expected letting value or actual rent received/receivable where let, directs that vacancy with letting in normal course is valued by actual rent, excludes unrealizable rent subject to rules, permits deduction of local authority taxes actually paid, treats stock-in-trade unsold property as nil for two years after completion certificate, and allows nil annual value for up to two owner-occupied houses unless let or otherwise benefitting the owner.

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