https://www.taxtmi.com/caselaws?id=179288 Tenant-paid municipal house tax was treated as part of the annual value of property under the income-tax provision because annual value means the amount for which the property may reasonably be expected to let from year to year. The tenant's willingness to pay occupation charges, including sums meeting the landlord's statutory liability, was accepted as the best evidence of that amount, and no distinction was drawn between rent reserved directly and additional payments made on the landlord's behalf. Because the statute expressly allowed a deduction for land revenue, no implied deduction was recognised for municipal house tax, which remained includible in the rent payable to the landlord. en-us Thu, 30 Apr 1936 00:00:00 +0530 Thu, 25 Feb 2016 13:14:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179288 Tenant-paid municipal house tax was treated as part of the annual value of property under the income-tax provision because annual value means the amount for which the property may reasonably be expected to let from year to year. The tenant's willingness to pay occupation charges, including sums meeting the landlord's statutory liability, was accepted as the best evidence of that amount, and no distinction was drawn between rent reserved directly and additional payments made on the landlord's behalf. Because the statute expressly allowed a deduction for land revenue, no implied deduction was recognised for municipal house tax, which remained includible in the rent payable to the landlord. Case-Laws Income Tax Thu, 30 Apr 1936 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179288