https://www.taxtmi.com/caselaws?id=358209 The appeal was partly allowed. The Tribunal set aside the orders of the lower authorities on the issue of Annual Let Out Value (ALV) for the property in Jubilee Hills, Hyderabad, and directed the Assessing Officer (AO) to adopt the municipal rateable value as the annual letting value. The Tribunal also emphasized the importance of cross-examination in tax assessments and directed the AO to follow the principles of natural justice. For the incomplete building, the Tribunal instructed the AO to use the municipal authorities' fair market value for assessment. en-us Wed, 04 Apr 2018 00:00:00 +0530 Sat, 07 Apr 2018 07:57:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358209 The appeal was partly allowed. The Tribunal set aside the orders of the lower authorities on the issue of Annual Let Out Value (ALV) for the property in Jubilee Hills, Hyderabad, and directed the Assessing Officer (AO) to adopt the municipal rateable value as the annual letting value. The Tribunal also emphasized the importance of cross-examination in tax assessments and directed the AO to follow the principles of natural justice. For the incomplete building, the Tribunal instructed the AO to use the municipal authorities' fair market value for assessment. Case-Laws Income Tax Wed, 04 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358209