https://www.taxtmi.com/caselaws?id=117956 The Tribunal ruled in favor of the appellant, determining that the annual value of the self-occupied property should be based on municipal valuation. The Tribunal allowed the deduction for insurance premium and ground rent but upheld the disallowance of municipal taxes due to lack of proof. The appellant's loss from the property was adjusted to Rs. 828 annually, contrary to the initial claim of Rs. 55,130. The Tribunal referenced relevant case laws and previous judgments to support its decision, partially allowing the appeal by the assessee. en-us Mon, 30 Aug 2004 00:00:00 +0530 Wed, 27 Jun 2012 15:45:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117956 The Tribunal ruled in favor of the appellant, determining that the annual value of the self-occupied property should be based on municipal valuation. The Tribunal allowed the deduction for insurance premium and ground rent but upheld the disallowance of municipal taxes due to lack of proof. The appellant's loss from the property was adjusted to Rs. 828 annually, contrary to the initial claim of Rs. 55,130. The Tribunal referenced relevant case laws and previous judgments to support its decision, partially allowing the appeal by the assessee. Case-Laws Income Tax Mon, 30 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117956