https://www.taxtmi.com/caselaws?id=336653 The High Court dismissed all appeals challenging the Assessing Officer's determination of notional rent for vacant properties owned by the appellant-assessee. The judgment clarifies the interpretation of Sections 22 and 23 of the Income Tax Act, specifically addressing the assessment of annual property value for properties not let out but vacant. The court upheld the Assessing Officer's decision, emphasizing the distinction between Sections 23(1)(a) and 23(1)(c) in determining the annual value of such properties. en-us Fri, 23 Dec 2016 00:00:00 +0530 Mon, 26 Dec 2016 14:19:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336653 The High Court dismissed all appeals challenging the Assessing Officer's determination of notional rent for vacant properties owned by the appellant-assessee. The judgment clarifies the interpretation of Sections 22 and 23 of the Income Tax Act, specifically addressing the assessment of annual property value for properties not let out but vacant. The court upheld the Assessing Officer's decision, emphasizing the distinction between Sections 23(1)(a) and 23(1)(c) in determining the annual value of such properties. Case-Laws Income Tax Fri, 23 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336653