https://www.taxtmi.com/caselaws?id=168399 Annual value of a house property is chargeable under section 9 on the statutory basis of bona fide annual value, not on actual rent received. A rent-free occupation under the terms of a will, or the owner's or trustees' inability to let the property, does not displace the statutory mode of computation for property income. The testamentary arrangement therefore does not prevent inclusion of the property's annual value in assessment, and section 41 was held inapplicable as a ground to avoid tax. The annual value was rightly brought to tax under the property provisions. en-us Mon, 17 Sep 1945 00:00:00 +0630 Thu, 26 Feb 2015 14:22:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168399 Annual value of a house property is chargeable under section 9 on the statutory basis of bona fide annual value, not on actual rent received. A rent-free occupation under the terms of a will, or the owner's or trustees' inability to let the property, does not displace the statutory mode of computation for property income. The testamentary arrangement therefore does not prevent inclusion of the property's annual value in assessment, and section 41 was held inapplicable as a ground to avoid tax. The annual value was rightly brought to tax under the property provisions. Case-Laws Income Tax Mon, 17 Sep 1945 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=168399