https://www.taxtmi.com/caselaws?id=195095 The High Court, Bombay, upheld the Income Tax Appellate Tribunal's decision regarding the determination of Annual Letting Value based on municipal rateable value. The Tribunal's decision to allow the Assessee's Appeal was deemed justified as there were no valid reasons for the Assessing Officer to determine a different value. The High Court found no substantial question of law in the Tribunal's decision, dismissing the Revenue's Appeal for lacking merit and highlighting the need for valid justifications in determining property values. No costs were awarded in the case. en-us Thu, 09 Oct 2014 00:00:00 +0530 Sat, 14 Oct 2017 07:54:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195095 The High Court, Bombay, upheld the Income Tax Appellate Tribunal's decision regarding the determination of Annual Letting Value based on municipal rateable value. The Tribunal's decision to allow the Assessee's Appeal was deemed justified as there were no valid reasons for the Assessing Officer to determine a different value. The High Court found no substantial question of law in the Tribunal's decision, dismissing the Revenue's Appeal for lacking merit and highlighting the need for valid justifications in determining property values. No costs were awarded in the case. Case-Laws Income Tax Thu, 09 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195095