https://www.taxtmi.com/caselaws?id=15586 The Tribunal upheld the Deputy Commissioner's decision to adopt the lower annual letting value for the property, as claimed by the assessee, based on rent receivable rather than the actual rent received. The court emphasized the provisions of section 23(1)(a) of the Income-tax Act in determining the annual value and ruled against the assessee's alternative contention, favoring the Revenue's stance that the actual rent received should be the determining factor. en-us Thu, 07 Oct 1999 00:00:00 +0530 Wed, 26 Aug 2009 11:42:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15586 The Tribunal upheld the Deputy Commissioner's decision to adopt the lower annual letting value for the property, as claimed by the assessee, based on rent receivable rather than the actual rent received. The court emphasized the provisions of section 23(1)(a) of the Income-tax Act in determining the annual value and ruled against the assessee's alternative contention, favoring the Revenue's stance that the actual rent received should be the determining factor. Case-Laws Income Tax Thu, 07 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15586