https://www.taxtmi.com/caselaws?id=178571 Annual value of a residential flat owned by an assessee remained chargeable as income from house property where the flat was used by employees of a partnership firm in which the assessee was a partner, because user by the firm was not treated as user by the owner for exemption purposes under the statutory scheme. The notional income from the flat was therefore assessable in the assessee's hands. On expenditure claimed against commission income, the estimate-based disallowance was found excessive and was moderated on facts by allowing half of the expenditure and disallowing the balance, resulting in partial relief. en-us Fri, 11 Oct 2013 00:00:00 +0530 Thu, 03 Nov 2016 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178571 Annual value of a residential flat owned by an assessee remained chargeable as income from house property where the flat was used by employees of a partnership firm in which the assessee was a partner, because user by the firm was not treated as user by the owner for exemption purposes under the statutory scheme. The notional income from the flat was therefore assessable in the assessee's hands. On expenditure claimed against commission income, the estimate-based disallowance was found excessive and was moderated on facts by allowing half of the expenditure and disallowing the balance, resulting in partial relief. Case-Laws Income Tax Fri, 11 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178571