https://www.taxtmi.com/caselaws?id=186140 The High Court of Delhi dismissed three appeals by the Revenue regarding the calculation of Annual Letting Value for property rental income under section 23 of the Income-tax Act, 1961. The Assessee had declared rental income but omitted rent for the basement. The Tribunal upheld the Assessee's computation based on actual rent received, stating the Revenue failed to prove inaccuracies. The High Court found no substantial legal question to challenge the Tribunal's decision, leading to the dismissal of all Revenue appeals. en-us Fri, 10 Aug 2007 00:00:00 +0530 Thu, 08 Sep 2016 13:40:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186140 The High Court of Delhi dismissed three appeals by the Revenue regarding the calculation of Annual Letting Value for property rental income under section 23 of the Income-tax Act, 1961. The Assessee had declared rental income but omitted rent for the basement. The Tribunal upheld the Assessee's computation based on actual rent received, stating the Revenue failed to prove inaccuracies. The High Court found no substantial legal question to challenge the Tribunal's decision, leading to the dismissal of all Revenue appeals. Case-Laws Income Tax Fri, 10 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186140