https://www.taxtmi.com/caselaws?id=325268 The appeal by the assessee against the estimation of rental income was dismissed. The court upheld the decision of the Commissioner of Income Tax (Appeals) that the actual rent received by the assessee was &8377; 5,89,600/-, based on evidence provided. The court distinguished previous cases cited by the assessee and emphasized that the annual value of a property is determined by the sum it could reasonably be let out for. The court found no merit in the assessee's argument and upheld the decision based on factual figures and legal provisions. en-us Wed, 03 Feb 2016 00:00:00 +0530 Tue, 15 Mar 2016 13:57:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325268 The appeal by the assessee against the estimation of rental income was dismissed. The court upheld the decision of the Commissioner of Income Tax (Appeals) that the actual rent received by the assessee was &8377; 5,89,600/-, based on evidence provided. The court distinguished previous cases cited by the assessee and emphasized that the annual value of a property is determined by the sum it could reasonably be let out for. The court found no merit in the assessee's argument and upheld the decision based on factual figures and legal provisions. Case-Laws Income Tax Wed, 03 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325268