https://www.taxtmi.com/caselaws?id=266202 An Assessing Officer's estimated notional rent for a farm house was held unsustainable where it lacked a disclosed basis and was not supported by the Inspector's report, while the first appellate authority's reliance on the Municipal Corporation's annual letting value was treated as an objective and reasonable basis for valuation. Additional evidence relating to that municipal valuation was also admitted at the appellate stage after a remand report was sought, and this was treated as proper because the material was relevant to fair adjudication and no procedural infirmity was shown. The appellate determination sustaining the reduced notional rent and the supporting evidence was therefore affirmed. en-us Thu, 05 Mar 2015 00:00:00 +0530 Mon, 19 Oct 2015 07:40:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266202 An Assessing Officer's estimated notional rent for a farm house was held unsustainable where it lacked a disclosed basis and was not supported by the Inspector's report, while the first appellate authority's reliance on the Municipal Corporation's annual letting value was treated as an objective and reasonable basis for valuation. Additional evidence relating to that municipal valuation was also admitted at the appellate stage after a remand report was sought, and this was treated as proper because the material was relevant to fair adjudication and no procedural infirmity was shown. The appellate determination sustaining the reduced notional rent and the supporting evidence was therefore affirmed. Case-Laws Income Tax Thu, 05 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266202