https://www.taxtmi.com/caselaws?id=208623 The ITAT upheld the CIT(A)'s decision to assess property income based on the rental value declared by NMMC, rejecting the department's estimated rate approach. The ITAT modified the restriction on site expenses disallowance from 5% to 10% and adjusted sub-contract expenses disallowance amounts for various assessment years. The ITAT's judgment balanced the interests of the department and the assessee, providing detailed reasoning for each decision. en-us Thu, 21 Jan 2010 00:00:00 +0530 Mon, 23 Jan 2012 08:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208623 The ITAT upheld the CIT(A)'s decision to assess property income based on the rental value declared by NMMC, rejecting the department's estimated rate approach. The ITAT modified the restriction on site expenses disallowance from 5% to 10% and adjusted sub-contract expenses disallowance amounts for various assessment years. The ITAT's judgment balanced the interests of the department and the assessee, providing detailed reasoning for each decision. Case-Laws Income Tax Thu, 21 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208623