https://www.taxtmi.com/caselaws?id=265471 The appeal by the assessee was partly allowed for statistical purposes. The Tribunal directed the reassessment of the annual letting value (ALV) for the property in Chennai based on property tax records. The Tribunal also instructed the re-evaluation of the cost of improvement, emphasizing the need for verification of construction or improvement work on the property. However, the claim for vacancy allowance was dismissed as the property remained unlet throughout the year. The judgment was pronounced on 24th September 2015 by the Tribunal. en-us Thu, 24 Sep 2015 00:00:00 +0530 Mon, 12 Oct 2015 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265471 The appeal by the assessee was partly allowed for statistical purposes. The Tribunal directed the reassessment of the annual letting value (ALV) for the property in Chennai based on property tax records. The Tribunal also instructed the re-evaluation of the cost of improvement, emphasizing the need for verification of construction or improvement work on the property. However, the claim for vacancy allowance was dismissed as the property remained unlet throughout the year. The judgment was pronounced on 24th September 2015 by the Tribunal. Case-Laws Income Tax Thu, 24 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265471