https://www.taxtmi.com/caselaws?id=354159 The case involved disputes regarding the addition of deemed gross rent and the determination of letting value under different provisions of the Income Tax Act. The court held that the Annual Letting Value (ALV) should be based on the actual rent received when the property was vacant for a significant period, and thus should be computed under Section 23(1)(c) instead of Section 23(1)(a). The matter was remanded to the Assessing Officer for reconsideration in line with the law, granting the appellant an opportunity to present their case. The appeal was allowed for statistical purposes. en-us Thu, 18 Jan 2018 00:00:00 +0530 Thu, 18 Jan 2018 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354159 The case involved disputes regarding the addition of deemed gross rent and the determination of letting value under different provisions of the Income Tax Act. The court held that the Annual Letting Value (ALV) should be based on the actual rent received when the property was vacant for a significant period, and thus should be computed under Section 23(1)(c) instead of Section 23(1)(a). The matter was remanded to the Assessing Officer for reconsideration in line with the law, granting the appellant an opportunity to present their case. The appeal was allowed for statistical purposes. Case-Laws Income Tax Thu, 18 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354159