https://www.taxtmi.com/caselaws?id=216242 The Tribunal partly allowed the appeals, directing the AO to verify Municipal ratable values and adopt the higher of actual rent or Municipal ratable value for computing income from house property. Deduction for interest was allowed based on the nexus between the deposit and interest income. The principles were applied to assessment years 2001-02 and 2002-03. en-us Fri, 20 Jul 2012 00:00:00 +0530 Wed, 20 Apr 2016 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216242 The Tribunal partly allowed the appeals, directing the AO to verify Municipal ratable values and adopt the higher of actual rent or Municipal ratable value for computing income from house property. Deduction for interest was allowed based on the nexus between the deposit and interest income. The principles were applied to assessment years 2001-02 and 2002-03. Case-Laws Income Tax Fri, 20 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216242