https://www.taxtmi.com/caselaws?id=271329 The tribunal allowed the appeal, directing the Assessing Officer to consider the actual rent received as the annual value for the property in Mumbai, rather than the value determined under the Act. Additionally, the tribunal ruled that the income received by the assessee's wife and daughter-in-law from a company did not belong to the assessee, as there was no evidence of income diversion and the payments were declared in their tax returns with TDS deducted by the company. The tribunal instructed the AO to delete the addition of this income in the assessee's hands. en-us Tue, 05 Jan 2016 00:00:00 +0530 Tue, 02 Feb 2016 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271329 The tribunal allowed the appeal, directing the Assessing Officer to consider the actual rent received as the annual value for the property in Mumbai, rather than the value determined under the Act. Additionally, the tribunal ruled that the income received by the assessee's wife and daughter-in-law from a company did not belong to the assessee, as there was no evidence of income diversion and the payments were declared in their tax returns with TDS deducted by the company. The tribunal instructed the AO to delete the addition of this income in the assessee's hands. Case-Laws Income Tax Tue, 05 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271329