https://www.taxtmi.com/caselaws?id=12169 For computation of income from house property under section 23 of the Income-tax Act, 1961, the annual letting value cannot be fixed without considering the standard rent determined by the Small Causes Court. The record showed that standard rent for the premises had been fixed at Rs. 53,325 per month from 1 March 1982, but the Tribunal adopted annual letting value without taking that figure into account. The annual letting value adopted by the Tribunal was therefore not sustainable, and the Assessing Officer was required to reconsider the matter afresh in light of the court-fixed standard rent. en-us Mon, 07 Feb 2000 00:00:00 +0530 Thu, 18 Feb 2010 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12169 For computation of income from house property under section 23 of the Income-tax Act, 1961, the annual letting value cannot be fixed without considering the standard rent determined by the Small Causes Court. The record showed that standard rent for the premises had been fixed at Rs. 53,325 per month from 1 March 1982, but the Tribunal adopted annual letting value without taking that figure into account. The annual letting value adopted by the Tribunal was therefore not sustainable, and the Assessing Officer was required to reconsider the matter afresh in light of the court-fixed standard rent. Case-Laws Income Tax Mon, 07 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12169