https://www.taxtmi.com/caselaws?id=334437 The High Court dismissed the Tax Case Appeals challenging an order by the Income Tax Appellate Tribunal, upholding the use of the Rent Control Act's principles to determine rental income for a property. The Court emphasized the importance of following the Act's formula for fixing fair rent and allowed the Assessing Officer to seek guidance from relevant authorities for accurate assessment. The judgment affirmed the Tribunal's decision and found no legal flaw, ultimately rejecting the appellant's arguments. en-us Mon, 24 Oct 2016 00:00:00 +0530 Mon, 14 Nov 2016 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334437 The High Court dismissed the Tax Case Appeals challenging an order by the Income Tax Appellate Tribunal, upholding the use of the Rent Control Act's principles to determine rental income for a property. The Court emphasized the importance of following the Act's formula for fixing fair rent and allowed the Assessing Officer to seek guidance from relevant authorities for accurate assessment. The judgment affirmed the Tribunal's decision and found no legal flaw, ultimately rejecting the appellant's arguments. Case-Laws Income Tax Mon, 24 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334437