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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>High Court remands matter to Assessing Officer to consider Small Causes Court's standard rent for income tax.</h1> The High Court of Bombay allowed the appeal and remanded the matter back to the Assessing Officer to consider the standard rent fixed by the Small Causes ... Determination of annual letting value for the purpose of section 23 - Annual letting value - Income from house property - Standard rent - Failure to consider relevant judicial determination - Remand for fresh considerationAnnual letting value - Standard rent - Income from house property - Determination of annual letting value for the purpose of section 23 - Failure to consider relevant judicial determination - Remand for fresh consideration - Whether the fixation of annual letting value at Rs. 20,41,776 by the Tribunal was contrary to the provisions of the Income-tax Act in light of the standard rent fixed by the Small Causes Court. - HELD THAT: - The Tribunal fixed the annual letting value without placing on record or taking into account the Small Causes Court's determination of standard rent for the premises, which the Court recorded had been fixed from March 1, 1982. Because the Tribunal's impugned valuation did not consider that judicial determination of standard rent, the Tribunal's order could not stand. The High Court set aside the Tribunal's order and remitted the matter to the Assessing Officer for fresh decision, directing that the Assessing Officer decide the annual letting value afresh in the light of the Small Causes Court's judgment.Impugned Tribunal order set aside; matter remanded to the Assessing Officer to decide the annual letting value afresh in light of the Small Causes Court's determination of standard rent.Final Conclusion: Appeals allowed; the Tribunal's order dated March 25, 1999 is set aside and the matter is remanded to the Assessing Officer for fresh adjudication in the light of the Small Causes Court's decision; no order as to costs. The High Court of Bombay allowed the appeal regarding the determination of annual letting value for income tax purposes, remanding the matter back to the Assessing Officer to consider the standard rent fixed by the Small Causes Court. The Tribunal's decision was set aside.
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