https://www.taxtmi.com/caselaws?id=69520 The Tribunal held that the fair market rent of Rs. 2,000 per month, rather than the actual rent received, should be considered for computing the annual letting value of the property. The Tribunal overturned the Appellate Commissioner's decision and restored the Assessing Officer's findings, emphasizing the significance of fair market rent in determining annual letting value under Section 23 of the Income-tax Act. The revenue's appeals were allowed in favor of this interpretation. en-us Thu, 04 Apr 1985 00:00:00 +0530 Thu, 07 Apr 2011 14:21:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69520 The Tribunal held that the fair market rent of Rs. 2,000 per month, rather than the actual rent received, should be considered for computing the annual letting value of the property. The Tribunal overturned the Appellate Commissioner's decision and restored the Assessing Officer's findings, emphasizing the significance of fair market rent in determining annual letting value under Section 23 of the Income-tax Act. The revenue's appeals were allowed in favor of this interpretation. Case-Laws Income Tax Thu, 04 Apr 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69520