https://www.taxtmi.com/caselaws?id=185885 The judgment resolved the dispute over the inclusion of income from house property based on rent receivable versus municipal valuation for Assessment Years 1999-2000 to 2002-03, 2004-05, and 2005-06. The court ruled in favor of the appellant, holding that for self-occupied properties not let out, municipal valuation should be used to determine the annual value. The Assessing Officer was instructed to adopt municipal valuation for all properties in the relevant years, requiring the appellant to provide supporting evidence. Consequently, all appeals were allowed in favor of the appellant, emphasizing the significance of municipal valuation over market rent for self-occupied properties. en-us Fri, 18 Dec 2009 00:00:00 +0530 Thu, 01 Sep 2016 14:15:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185885 The judgment resolved the dispute over the inclusion of income from house property based on rent receivable versus municipal valuation for Assessment Years 1999-2000 to 2002-03, 2004-05, and 2005-06. The court ruled in favor of the appellant, holding that for self-occupied properties not let out, municipal valuation should be used to determine the annual value. The Assessing Officer was instructed to adopt municipal valuation for all properties in the relevant years, requiring the appellant to provide supporting evidence. Consequently, all appeals were allowed in favor of the appellant, emphasizing the significance of municipal valuation over market rent for self-occupied properties. Case-Laws Income Tax Fri, 18 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185885