https://www.taxtmi.com/caselaws?id=187613 The Tribunal determined that income from a property given on a license basis is not covered under Section 23(1)(b) of the Income-tax Act, 1961. The annual value should be assessed under Section 23(1)(a) instead. The lower authorities' decisions were overturned, and the cases were sent back to the Income Tax Officer for reassessment based on Section 23(1)(a) principles. The appeals were allowed, requiring the Income Tax Officer to reevaluate the assessments accordingly. en-us Thu, 13 Dec 1984 00:00:00 +0530 Fri, 28 Oct 2016 14:28:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187613 The Tribunal determined that income from a property given on a license basis is not covered under Section 23(1)(b) of the Income-tax Act, 1961. The annual value should be assessed under Section 23(1)(a) instead. The lower authorities' decisions were overturned, and the cases were sent back to the Income Tax Officer for reassessment based on Section 23(1)(a) principles. The appeals were allowed, requiring the Income Tax Officer to reevaluate the assessments accordingly. Case-Laws Income Tax Thu, 13 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187613