https://www.taxtmi.com/caselaws?id=63117 A co-owned residential property's annual letting value was to follow the figure already determined for the other co-owners, as no separate basis for a different valuation was shown; the value was therefore taken at Rs. 8,640. Advance tax paid before completion of the regular assessment had to be credited while computing interest under section 139(8), because interest is levied on tax payable after reduction for advance tax actually paid and credited in assessment. Both points were decided in favour of the assessee. en-us Tue, 25 Oct 1983 00:00:00 +0530 Thu, 27 Jan 2011 18:40:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63117 A co-owned residential property's annual letting value was to follow the figure already determined for the other co-owners, as no separate basis for a different valuation was shown; the value was therefore taken at Rs. 8,640. Advance tax paid before completion of the regular assessment had to be credited while computing interest under section 139(8), because interest is levied on tax payable after reduction for advance tax actually paid and credited in assessment. Both points were decided in favour of the assessee. Case-Laws Income Tax Tue, 25 Oct 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63117