https://www.taxtmi.com/caselaws?id=353056 The Tribunal partly allowed the appeals of both the assessee and Revenue, remitting the issue back to the Assessing Officer for a fresh determination of the annual value of the property located at North Beach Road, Chennai. The Tribunal emphasized the necessity of a location-specific approach rather than a generalized application of a multiplication factor for income estimation, setting aside the lower authorities' orders. en-us Wed, 20 Dec 2017 00:00:00 +0530 Wed, 27 Dec 2017 09:07:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353056 The Tribunal partly allowed the appeals of both the assessee and Revenue, remitting the issue back to the Assessing Officer for a fresh determination of the annual value of the property located at North Beach Road, Chennai. The Tribunal emphasized the necessity of a location-specific approach rather than a generalized application of a multiplication factor for income estimation, setting aside the lower authorities' orders. Case-Laws Income Tax Wed, 20 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353056