https://www.taxtmi.com/caselaws?id=186610 The Tribunal allowed the carry forward of losses under section 71B of the Income Tax Act for the assessment year 2007-08, valuing the property at NIL under section 23(1)(c) and determining the Annual Letting Value based on the Annual Ratable Value by Municipal authorities. The Tribunal clarified that the property could be considered let-out even if efforts were made to let it out, and upheld the assessment of income as income from house property. Both appeals by the revenue and the assessee were dismissed, with the order pronounced on June 10, 2015. en-us Wed, 10 Jun 2015 00:00:00 +0530 Sat, 24 Sep 2016 09:02:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186610 The Tribunal allowed the carry forward of losses under section 71B of the Income Tax Act for the assessment year 2007-08, valuing the property at NIL under section 23(1)(c) and determining the Annual Letting Value based on the Annual Ratable Value by Municipal authorities. The Tribunal clarified that the property could be considered let-out even if efforts were made to let it out, and upheld the assessment of income as income from house property. Both appeals by the revenue and the assessee were dismissed, with the order pronounced on June 10, 2015. Case-Laws Income Tax Wed, 10 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186610