https://www.taxtmi.com/caselaws?id=196328 The appeal was allowed as the ITAT directed the AO to recompute the Annual Letting Value (ALV) based on a decision by the Hon'ble Bombay High Court, emphasizing the importance of statutory deductions in determining a reasonable rent from a hypothetical tenant for self-occupied property. The matter was remanded to the AO for recalculating the ALV in accordance with the High Court's ruling. en-us Wed, 17 Dec 2014 00:00:00 +0530 Mon, 27 Nov 2017 21:22:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196328 The appeal was allowed as the ITAT directed the AO to recompute the Annual Letting Value (ALV) based on a decision by the Hon'ble Bombay High Court, emphasizing the importance of statutory deductions in determining a reasonable rent from a hypothetical tenant for self-occupied property. The matter was remanded to the AO for recalculating the ALV in accordance with the High Court's ruling. Case-Laws Income Tax Wed, 17 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196328