https://www.taxtmi.com/caselaws?id=209770 The Tribunal allowed the appeal of the assessee, setting aside the CIT(A)'s order and deleting the addition made by the AO. The Annual Letting Value (ALV) of the vacant properties was deemed NIL under section 23(1)(c), as the properties were held with the intention to let out but remained vacant. The Tribunal also ordered a recalculation of interest under sections 234B and 234C based on the revised income assessment. en-us Tue, 20 Dec 2011 00:00:00 +0530 Wed, 20 Apr 2016 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209770 The Tribunal allowed the appeal of the assessee, setting aside the CIT(A)'s order and deleting the addition made by the AO. The Annual Letting Value (ALV) of the vacant properties was deemed NIL under section 23(1)(c), as the properties were held with the intention to let out but remained vacant. The Tribunal also ordered a recalculation of interest under sections 234B and 234C based on the revised income assessment. Case-Laws Income Tax Tue, 20 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209770