https://www.taxtmi.com/caselaws?id=5861 For assessment of income from house property under section 22, the annual value of a controlled property is to be determined by reference to the standard rent determinable under the Delhi Rent Control Act, 1958, not by the actual rent received. The position remains the same even where standard rent has not been fixed by the Controller and the period for seeking fixation has expired. The Supreme Court treated this as settled law and held that the High Court should have called for a reference. The question of law was answered in favour of the assessee on the basis that standard rent, not actual rent, governs annual value. en-us Wed, 19 Aug 1981 00:00:00 +0530 Fri, 28 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5861 For assessment of income from house property under section 22, the annual value of a controlled property is to be determined by reference to the standard rent determinable under the Delhi Rent Control Act, 1958, not by the actual rent received. The position remains the same even where standard rent has not been fixed by the Controller and the period for seeking fixation has expired. The Supreme Court treated this as settled law and held that the High Court should have called for a reference. The question of law was answered in favour of the assessee on the basis that standard rent, not actual rent, governs annual value. Case-Laws Income Tax Wed, 19 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5861