https://www.taxtmi.com/caselaws?id=211435 The Tribunal partly allowed the appeals, remanding the issue of Annual Letting Value (ALV) determination to the Assessing Officer (AO) and allowing interest on borrowed capital while disallowing lease rent expenses. The Tribunal upheld the validity of reopening assessments, treatment of rental income as income from house property, disallowance of bad debts (except for AY 2005-06), and assessment of sundry balances as income from other sources. Interest under section 234D was to be levied only for the relevant years. en-us Fri, 30 Dec 2011 00:00:00 +0530 Mon, 25 Mar 2013 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211435 The Tribunal partly allowed the appeals, remanding the issue of Annual Letting Value (ALV) determination to the Assessing Officer (AO) and allowing interest on borrowed capital while disallowing lease rent expenses. The Tribunal upheld the validity of reopening assessments, treatment of rental income as income from house property, disallowance of bad debts (except for AY 2005-06), and assessment of sundry balances as income from other sources. Interest under section 234D was to be levied only for the relevant years. Case-Laws Income Tax Fri, 30 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211435