https://www.taxtmi.com/caselaws?id=176963 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions to exclude notional interest from the Annual Letting Value (ALV) calculation and to allow the deduction of maintenance expenses under "Income from House Property." The Tribunal referred to precedents and held that actual rent received should determine the ALV, not notional interest on interest-free security deposits. The order was pronounced on January 28, 2011. en-us Fri, 28 Jan 2011 00:00:00 +0530 Fri, 01 Jan 2016 10:41:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176963 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions to exclude notional interest from the Annual Letting Value (ALV) calculation and to allow the deduction of maintenance expenses under "Income from House Property." The Tribunal referred to precedents and held that actual rent received should determine the ALV, not notional interest on interest-free security deposits. The order was pronounced on January 28, 2011. Case-Laws Income Tax Fri, 28 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176963