https://www.taxtmi.com/caselaws?id=184995 In computing income from house property, the Tribunal followed earlier binding decisions and held that, where the property is let out and municipal valuation is available, annual value should be determined by reference to the expected letting value reflected in the municipal ratable value. A higher notional rent could not be substituted for the actual rent received on the facts before it. The addition based on notional rent was deleted, and the assessee's declared house property income based on municipal ratable value was accepted. en-us Wed, 30 Jan 2013 00:00:00 +0530 Wed, 27 Jul 2016 15:16:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184995 In computing income from house property, the Tribunal followed earlier binding decisions and held that, where the property is let out and municipal valuation is available, annual value should be determined by reference to the expected letting value reflected in the municipal ratable value. A higher notional rent could not be substituted for the actual rent received on the facts before it. The addition based on notional rent was deleted, and the assessee's declared house property income based on municipal ratable value was accepted. Case-Laws Income Tax Wed, 30 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184995