https://www.taxtmi.com/caselaws?id=65209 For property governed by rent control, annual value under section 23 was confined by the standard rent determinable under the Delhi Rent Control Act, with assessable value taken as the higher of standard rent and actual rent received or receivable; the assessee therefore did not secure a lower house-property valuation. Deduction under section 80M was to be computed on net dividend income after only nominal expenditure was deducted. Disallowance under section 43B was deleted for provident fund because the amount had not become due by year-end, but it remained valid for unpaid sales tax. Consequential relief was available in respect of interest under sections 215 and 217. en-us Fri, 29 Sep 1995 00:00:00 +0530 Mon, 14 Feb 2011 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65209 For property governed by rent control, annual value under section 23 was confined by the standard rent determinable under the Delhi Rent Control Act, with assessable value taken as the higher of standard rent and actual rent received or receivable; the assessee therefore did not secure a lower house-property valuation. Deduction under section 80M was to be computed on net dividend income after only nominal expenditure was deducted. Disallowance under section 43B was deleted for provident fund because the amount had not become due by year-end, but it remained valid for unpaid sales tax. Consequential relief was available in respect of interest under sections 215 and 217. Case-Laws Income Tax Fri, 29 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65209