https://www.taxtmi.com/caselaws?id=118433 The Tribunal allowed the Revenue's appeal, setting aside the CIT(A)'s order and restoring that of the Assessing Officer. This decision was based on a thorough analysis of the Income-tax Act provisions, previous case law, and the specific circumstances of the case in determining the Annual Letting Value of the property. The Tribunal considered factors such as actual rent received, interest-free security deposits, market rent, and the non-applicability of the Rent Control Act in calculating the property's Annual Letting Value. en-us Mon, 13 Mar 2006 00:00:00 +0530 Sat, 30 Jun 2012 16:04:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118433 The Tribunal allowed the Revenue's appeal, setting aside the CIT(A)'s order and restoring that of the Assessing Officer. This decision was based on a thorough analysis of the Income-tax Act provisions, previous case law, and the specific circumstances of the case in determining the Annual Letting Value of the property. The Tribunal considered factors such as actual rent received, interest-free security deposits, market rent, and the non-applicability of the Rent Control Act in calculating the property's Annual Letting Value. Case-Laws Income Tax Mon, 13 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118433