https://www.taxtmi.com/caselaws?id=180030 The Tribunal dismissed the Department's appeals and partly allowed the assessee's appeals in a case concerning the computation of income from House Property. The Tribunal upheld the CIT(A)'s decision not to include Rs. 3,32,500 in the Annual Letting Value (ALV) due to discrepancies in rent collected versus expenses incurred. It also affirmed the determination of ALV for the extended property and directed the Assessing Officer to adopt fair rental values based on standard rent, municipal valuation, or actual rent receivable. en-us Thu, 28 Jun 2001 00:00:00 +0530 Thu, 23 Feb 2017 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180030 The Tribunal dismissed the Department's appeals and partly allowed the assessee's appeals in a case concerning the computation of income from House Property. The Tribunal upheld the CIT(A)'s decision not to include Rs. 3,32,500 in the Annual Letting Value (ALV) due to discrepancies in rent collected versus expenses incurred. It also affirmed the determination of ALV for the extended property and directed the Assessing Officer to adopt fair rental values based on standard rent, municipal valuation, or actual rent receivable. Case-Laws Income Tax Thu, 28 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180030