https://www.taxtmi.com/caselaws?id=246192 The Tribunal allowed the appeals for statistical purposes, remanding the matter to the AO to examine the reasonableness of the declared rent and the inclusion of notional interest. The AO was directed to consider all relevant factors and provide a reasonable opportunity for the assessee to be heard, ensuring adherence to the principles of natural justice. The Tribunal rejected the ad-hoc addition of notional interest at 8% and emphasized the need for a fact-based determination of the ALV. en-us Fri, 28 Feb 2014 00:00:00 +0530 Fri, 18 Apr 2014 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246192 The Tribunal allowed the appeals for statistical purposes, remanding the matter to the AO to examine the reasonableness of the declared rent and the inclusion of notional interest. The AO was directed to consider all relevant factors and provide a reasonable opportunity for the assessee to be heard, ensuring adherence to the principles of natural justice. The Tribunal rejected the ad-hoc addition of notional interest at 8% and emphasized the need for a fact-based determination of the ALV. Case-Laws Income Tax Fri, 28 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246192