https://www.taxtmi.com/caselaws?id=239396 The appeal was partially allowed, with the Tribunal condoning the delay in filing the appeal due to a reasonable cause. The Tribunal determined that the annual letting value of the property should be based on the ratable value and not include notional rent on the security deposit. Additionally, the disallowance of expenditure under section 14A was remanded back to the ld. CIT(A) for a reasoned decision considering all relevant submissions, citing discrepancies in the computation and failure to consider the assessee's submissions. en-us Fri, 08 Nov 2013 00:00:00 +0530 Wed, 13 Nov 2013 09:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239396 The appeal was partially allowed, with the Tribunal condoning the delay in filing the appeal due to a reasonable cause. The Tribunal determined that the annual letting value of the property should be based on the ratable value and not include notional rent on the security deposit. Additionally, the disallowance of expenditure under section 14A was remanded back to the ld. CIT(A) for a reasoned decision considering all relevant submissions, citing discrepancies in the computation and failure to consider the assessee's submissions. Case-Laws Income Tax Fri, 08 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239396