https://www.taxtmi.com/caselaws?id=10743 The High Court upheld the Tribunal's decision in favor of the Revenue, determining that the lease deeds in the sub-letting transaction were not genuine. The Court ruled that the annual letting value of the properties should be calculated based on the actual rent received by Parmatma Dutt Misra rather than the agreed rent in the lease deeds. Legal precedents and evidence supported this decision, with no costs awarded in the case. en-us Wed, 01 Dec 2004 00:00:00 +0530 Fri, 24 Jul 2009 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10743 The High Court upheld the Tribunal's decision in favor of the Revenue, determining that the lease deeds in the sub-letting transaction were not genuine. The Court ruled that the annual letting value of the properties should be calculated based on the actual rent received by Parmatma Dutt Misra rather than the agreed rent in the lease deeds. Legal precedents and evidence supported this decision, with no costs awarded in the case. Case-Laws Income Tax Wed, 01 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10743