https://www.taxtmi.com/caselaws?id=371988 The Tribunal allowed the appeal in favor of the assessee regarding the addition of the annual value of a commercial flat at Laxmi Bhawan, Madras. The Tribunal ruled that the property qualified for the benefit under section 23(1)(c) of the Income Tax Act due to its continuous vacancy since 2002-03. The decision emphasized the significance of the intention to let out the property and efforts made in that regard when determining the annual value for taxation purposes. en-us Thu, 13 Dec 2018 00:00:00 +0530 Tue, 15 Mar 2022 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371988 The Tribunal allowed the appeal in favor of the assessee regarding the addition of the annual value of a commercial flat at Laxmi Bhawan, Madras. The Tribunal ruled that the property qualified for the benefit under section 23(1)(c) of the Income Tax Act due to its continuous vacancy since 2002-03. The decision emphasized the significance of the intention to let out the property and efforts made in that regard when determining the annual value for taxation purposes. Case-Laws Income Tax Thu, 13 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371988