https://www.taxtmi.com/caselaws?id=3480 For tenanted house property, annual value under sections 22 and 23 of the Income-tax Act is computed on the basis of the rent the property might reasonably be expected to fetch, not merely the actual contractual rent. Actual rent is relevant but not conclusive where it is depressed by related-party arrangements or where rent control law limits the permissible rent. Where no standard rent or fair rent has been fixed, the Assessing Officer may determine expected rent by applying the principles of the applicable rent control law. On those facts, the nominal rent from the related tenant could not govern the annual value. en-us Tue, 18 Sep 2007 00:00:00 +0530 Fri, 12 Jul 2013 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3480 For tenanted house property, annual value under sections 22 and 23 of the Income-tax Act is computed on the basis of the rent the property might reasonably be expected to fetch, not merely the actual contractual rent. Actual rent is relevant but not conclusive where it is depressed by related-party arrangements or where rent control law limits the permissible rent. Where no standard rent or fair rent has been fixed, the Assessing Officer may determine expected rent by applying the principles of the applicable rent control law. On those facts, the nominal rent from the related tenant could not govern the annual value. Case-Laws Income Tax Tue, 18 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3480