https://www.taxtmi.com/caselaws?id=208306 The High Court directed the remittance of the matter to the Assessing Officer for both assessment years to compute the annual letting value based on the rateable value. The court emphasized that notional interest on an interest-free security deposit cannot be a determinable factor for fair rent as per Section 23(1)(a) of the Act. Therefore, the appeals were disposed of with the question answered in the negative, affirming the need to determine the annual letting value based on rateable value for properties not covered by the Delhi Rent Control Act. en-us Wed, 23 Nov 2011 00:00:00 +0530 Wed, 11 Jan 2012 09:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208306 The High Court directed the remittance of the matter to the Assessing Officer for both assessment years to compute the annual letting value based on the rateable value. The court emphasized that notional interest on an interest-free security deposit cannot be a determinable factor for fair rent as per Section 23(1)(a) of the Act. Therefore, the appeals were disposed of with the question answered in the negative, affirming the need to determine the annual letting value based on rateable value for properties not covered by the Delhi Rent Control Act. Case-Laws Income Tax Wed, 23 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208306