https://www.taxtmi.com/caselaws?id=65267 The Tribunal resolved three key issues in favor of the assessee. It directed the Assessing Officer to recompute the Annual Letting Value (ALV) without considering notional interest on security deposits. It found the allocation of administrative and personnel expenses to property income unjustified due to a lack of specific identification, setting aside the CIT(A)'s order. Additionally, it deleted the disallowance of telephone and car expenses/depreciation, siding with the assessee due to conflicting High Court decisions. The appeal was partly allowed, granting relief to the assessee on all grounds. en-us Fri, 12 Jan 2007 00:00:00 +0530 Mon, 26 Feb 2024 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65267 The Tribunal resolved three key issues in favor of the assessee. It directed the Assessing Officer to recompute the Annual Letting Value (ALV) without considering notional interest on security deposits. It found the allocation of administrative and personnel expenses to property income unjustified due to a lack of specific identification, setting aside the CIT(A)'s order. Additionally, it deleted the disallowance of telephone and car expenses/depreciation, siding with the assessee due to conflicting High Court decisions. The appeal was partly allowed, granting relief to the assessee on all grounds. Case-Laws Income Tax Fri, 12 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65267