https://www.taxtmi.com/caselaws?id=8233 Annual value of a house property is determined on a hypothetical letting basis, considering the property in its existing condition, the likely tenant and repair obligations. Disrepair and post-derequisition vacancy do not by themselves remove the property from charge under section 22. Vacancy remission is unavailable unless a let property remains vacant for part of the year. Municipal tax deduction requires tenant occupation; requisition without a lease does not satisfy that condition. Insurance premiums paid to protect the property against damage or destruction remain specifically deductible. Accordingly, annual value is chargeable, while vacancy remission and municipal-tax claims fail and insurance-premium deduction is available. 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 Annual value of a house property is determined on a hypothetical letting basis, considering the property in its existing condition, the likely tenant and repair obligations. Disrepair and post-derequisition vacancy do not by themselves remove the property from charge under section 22. Vacancy remission is unavailable unless a let property remains vacant for part of the year. Municipal tax deduction requires tenant occupation; requisition without a lease does not satisfy that condition. Insurance premiums paid to protect the property against damage or destruction remain specifically deductible. Accordingly, annual value is chargeable, while vacancy remission and municipal-tax claims fail and insurance-premium deduction is available. Case-Laws Income Tax Fri, 17 Jul 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8233