https://www.taxtmi.com/caselaws?id=168707 In computing annual value under section 9 of the Indian Income-tax Act, the court held that an addition to agreed rent is permissible only where the rent is shown to be unreal or artificially low. Because the lease required the landlord to undertake structural and other substantial repairs and maintain the exterior and common parts, section 9(1)(i) governed the upper floors. As there was no material showing that the tenant's rent was reduced or understated, the Tribunal had no basis to add an estimated repairs element to the stipulated rent, and section 9(1)(ii) was inapplicable on the facts. en-us Fri, 12 Jun 1964 00:00:00 +0530 Mon, 23 Mar 2015 17:57:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168707 In computing annual value under section 9 of the Indian Income-tax Act, the court held that an addition to agreed rent is permissible only where the rent is shown to be unreal or artificially low. Because the lease required the landlord to undertake structural and other substantial repairs and maintain the exterior and common parts, section 9(1)(i) governed the upper floors. As there was no material showing that the tenant's rent was reduced or understated, the Tribunal had no basis to add an estimated repairs element to the stipulated rent, and section 9(1)(ii) was inapplicable on the facts. Case-Laws Income Tax Fri, 12 Jun 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168707