https://www.taxtmi.com/caselaws?id=348084 The Tribunal partly allowed the assessee's appeal and dismissed the Revenue's appeal in a case concerning the computation of income from house property for properties let out to a sister concern without rent. The Tribunal upheld the CIT(A)'s decision on the interest rate for determining notional income at 8.5% and considered property cost in the assessment based on the rate of interest on the building and land cost. The Assessing Officer was directed to adjust the assessment accordingly, providing a detailed and reasoned resolution to the disputed issues. en-us Tue, 12 Sep 2017 00:00:00 +0530 Sat, 16 Sep 2017 08:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348084 The Tribunal partly allowed the assessee's appeal and dismissed the Revenue's appeal in a case concerning the computation of income from house property for properties let out to a sister concern without rent. The Tribunal upheld the CIT(A)'s decision on the interest rate for determining notional income at 8.5% and considered property cost in the assessment based on the rate of interest on the building and land cost. The Assessing Officer was directed to adjust the assessment accordingly, providing a detailed and reasoned resolution to the disputed issues. Case-Laws Income Tax Tue, 12 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348084