https://www.taxtmi.com/caselaws?id=69823 The case involved disputes over the computation of income from house property for assessment years 1974-75 and 1975-76. The Central Board of Direct Taxes argued for income calculation based on the annual value fixed by the municipal corporation, which was higher than the actual rent received. The Appellate Tribunal upheld the CIT's decision, emphasizing the need for a thorough examination of tenant protection under rent control laws and the importance of using actual rent received as the basis for determining annual property value. The Tribunal dismissed the appeals, stating that the assessments were prejudicial to revenue and emphasizing the need for accurate assessment based on concrete evidence. en-us Thu, 21 Oct 1982 00:00:00 +0530 Tue, 12 Apr 2011 12:26:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69823 The case involved disputes over the computation of income from house property for assessment years 1974-75 and 1975-76. The Central Board of Direct Taxes argued for income calculation based on the annual value fixed by the municipal corporation, which was higher than the actual rent received. The Appellate Tribunal upheld the CIT's decision, emphasizing the need for a thorough examination of tenant protection under rent control laws and the importance of using actual rent received as the basis for determining annual property value. The Tribunal dismissed the appeals, stating that the assessments were prejudicial to revenue and emphasizing the need for accurate assessment based on concrete evidence. Case-Laws Income Tax Thu, 21 Oct 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69823