https://www.taxtmi.com/caselaws?id=14203 Actual rent was treated as the annual letting value where, on the facts, it was found to approximate fair rent more closely than municipal valuation, applying Mrs. Sheila Kaushish v. CIT; the request for leave to appeal on this factual determination was refused. Urban land tax relating to earlier years was held allowable as a deduction in the year of payment under section 24(1)(vii) of the Income-tax Act, and leave to appeal was also declined on that issue. The petition for a certificate to appeal to the Supreme Court was dismissed on both questions. en-us Tue, 27 Feb 2001 00:00:00 +0530 Tue, 14 Jul 2009 13:40:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14203 Actual rent was treated as the annual letting value where, on the facts, it was found to approximate fair rent more closely than municipal valuation, applying Mrs. Sheila Kaushish v. CIT; the request for leave to appeal on this factual determination was refused. Urban land tax relating to earlier years was held allowable as a deduction in the year of payment under section 24(1)(vii) of the Income-tax Act, and leave to appeal was also declined on that issue. The petition for a certificate to appeal to the Supreme Court was dismissed on both questions. Case-Laws Income Tax Tue, 27 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14203