https://www.taxtmi.com/caselaws?id=14931 The court clarified that actual rental income should be considered as the annual value for taxation purposes under section 23 of the Income-tax Act, 1961. It upheld the right of the assessee to deduct corporation tax amounts from the annual value, even for previous years, based on legal precedent. The judgment favored the assessee, emphasizing the importance of actual rent received and past tax payments in computing property income. en-us Wed, 15 Jul 1998 00:00:00 +0530 Mon, 27 Jul 2009 11:49:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14931 The court clarified that actual rental income should be considered as the annual value for taxation purposes under section 23 of the Income-tax Act, 1961. It upheld the right of the assessee to deduct corporation tax amounts from the annual value, even for previous years, based on legal precedent. The judgment favored the assessee, emphasizing the importance of actual rent received and past tax payments in computing property income. Case-Laws Income Tax Wed, 15 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14931