https://www.taxtmi.com/caselaws?id=67049 The ITAT ruled in favor of the assessee in a case concerning the determination of the annual letting value of a jointly owned property for the assessment year 1976-77. The dispute centered on the income from Standard Occupation Property (SOP) assessed by the department at Rs. 750, while the assessee declared Rs. 176. The ITAT considered Rent Control provisions and past assessments, concluding that the declared income of Rs. 176 should be accepted. As a result, the ITAT allowed the appeal, emphasizing the importance of adhering to Rent Control provisions in determining SOP income and deleting the department's addition. en-us Thu, 13 Jan 1983 00:00:00 +0530 Tue, 08 Mar 2011 18:22:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67049 The ITAT ruled in favor of the assessee in a case concerning the determination of the annual letting value of a jointly owned property for the assessment year 1976-77. The dispute centered on the income from Standard Occupation Property (SOP) assessed by the department at Rs. 750, while the assessee declared Rs. 176. The ITAT considered Rent Control provisions and past assessments, concluding that the declared income of Rs. 176 should be accepted. As a result, the ITAT allowed the appeal, emphasizing the importance of adhering to Rent Control provisions in determining SOP income and deleting the department's addition. Case-Laws Income Tax Thu, 13 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67049