https://www.taxtmi.com/caselaws?id=8233 For house-property taxation, annual value is determined on a hypothetical letting basis by considering the property as it stands, so mere disrepair or vacancy after derequisition does not by itself take the property outside section 22. The article also explains that vacancy remission is available only where the property is let and vacant for part of the year, and municipal tax deduction depends on the statutory condition of tenant occupation; a requisition arrangement does not amount to a lease. Insurance premium paid to insure the property against damage or destruction remains specifically deductible. The operative effect is that annual value is chargeable, while only the insurance premium deduction is available on these facts. en-us Fri, 17 Jul 1970 00:00:00 +0530 Mon, 06 Apr 2009 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8233 For house-property taxation, annual value is determined on a hypothetical letting basis by considering the property as it stands, so mere disrepair or vacancy after derequisition does not by itself take the property outside section 22. The article also explains that vacancy remission is available only where the property is let and vacant for part of the year, and municipal tax deduction depends on the statutory condition of tenant occupation; a requisition arrangement does not amount to a lease. Insurance premium paid to insure the property against damage or destruction remains specifically deductible. The operative effect is that annual value is chargeable, while only the insurance premium deduction is available on these facts. Case-Laws Income Tax Fri, 17 Jul 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8233