https://www.taxtmi.com/caselaws?id=10777 The court held that the annual value for computing income from house property should be based on the actual rent received by the lessor, not the higher rent obtained by the lessee through sub-letting. Additionally, interest-free loans should not be factored into the determination of annual value. Consequently, the appeal was dismissed, affirming the Tribunal's decision. The court ruled against considering the rent received by the lessee in sub-letting and emphasized adherence to the Income-tax Act provisions. en-us Wed, 10 Aug 2005 00:00:00 +0530 Fri, 24 Jul 2009 19:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10777 The court held that the annual value for computing income from house property should be based on the actual rent received by the lessor, not the higher rent obtained by the lessee through sub-letting. Additionally, interest-free loans should not be factored into the determination of annual value. Consequently, the appeal was dismissed, affirming the Tribunal's decision. The court ruled against considering the rent received by the lessee in sub-letting and emphasized adherence to the Income-tax Act provisions. Case-Laws Income Tax Wed, 10 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10777