https://www.taxtmi.com/caselaws?id=205315 The Tribunal partly allowed the appeal for the assessment year 2001-02 and fully allowed the appeal for the assessment year 2000-01. The Assessing Officer was directed to consider municipal rateable value for determining the annual letting value (ALV) of the property. The judgment emphasized the importance of municipal rateable value in assessing property income and clarified that notional interest on deposits should be excluded from ALV calculations. en-us Mon, 28 Feb 2011 00:00:00 +0530 Fri, 29 Jul 2011 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205315 The Tribunal partly allowed the appeal for the assessment year 2001-02 and fully allowed the appeal for the assessment year 2000-01. The Assessing Officer was directed to consider municipal rateable value for determining the annual letting value (ALV) of the property. The judgment emphasized the importance of municipal rateable value in assessing property income and clarified that notional interest on deposits should be excluded from ALV calculations. Case-Laws Income Tax Mon, 28 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205315