https://www.taxtmi.com/caselaws?id=200557 The ITAT upheld the CIT(A)'s decision, dismissing the Revenue's appeal regarding the computation of "Income from House Property" under the Income-tax Act for A.Y. 2009-10. The CIT(A) had deleted the addition made by the Assessing Officer, who included all receipts in the annual letting value (ALV) and taxed it. The ITAT ruled that the Finance Act, 2001 amendment did not change the scope of ALV, and the appellant's method of excluding certain expenses from composite rent for ALV calculation was consistent and correct. en-us Fri, 18 Oct 2013 00:00:00 +0530 Tue, 16 Jul 2024 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200557 The ITAT upheld the CIT(A)'s decision, dismissing the Revenue's appeal regarding the computation of "Income from House Property" under the Income-tax Act for A.Y. 2009-10. The CIT(A) had deleted the addition made by the Assessing Officer, who included all receipts in the annual letting value (ALV) and taxed it. The ITAT ruled that the Finance Act, 2001 amendment did not change the scope of ALV, and the appellant's method of excluding certain expenses from composite rent for ALV calculation was consistent and correct. Case-Laws Income Tax Fri, 18 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200557