https://www.taxtmi.com/caselaws?id=13076 The court ruled in favor of the assessee, affirming the Tribunal's decision that the payment made to the son for property maintenance did not constitute part of the annual letting value. The court emphasized the absence of an agreement obligating the tenant to bear repair costs, leading to the conclusion that the remuneration was not part of the bona fide annual value. Consequently, no adjustment was required under section 24(1)(i)(b) of the Income-tax Act, 1961 for the assessment year 1971-72. en-us Tue, 31 Jul 2001 00:00:00 +0530 Tue, 26 May 2009 12:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13076 The court ruled in favor of the assessee, affirming the Tribunal's decision that the payment made to the son for property maintenance did not constitute part of the annual letting value. The court emphasized the absence of an agreement obligating the tenant to bear repair costs, leading to the conclusion that the remuneration was not part of the bona fide annual value. Consequently, no adjustment was required under section 24(1)(i)(b) of the Income-tax Act, 1961 for the assessment year 1971-72. Case-Laws Income Tax Tue, 31 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13076