https://www.taxtmi.com/caselaws?id=279866 The Court ruled in favor of the Assessee, directing assessment based on actual rental income rather than the Annual Letting Value (ALV) determined by the Small Causes Court. The decision was supported by provisions of the Rent Control Act, emphasizing that in the absence of standard rent determination, actual rental income should be considered for assessment. The Revenue's argument to use the Small Causes Court's ALV for taxation was rejected, and the Tribunal's decision aligning with the Rent Control Act's provisions was upheld. en-us Fri, 04 Jul 2008 00:00:00 +0530 Tue, 09 Apr 2019 14:17:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279866 The Court ruled in favor of the Assessee, directing assessment based on actual rental income rather than the Annual Letting Value (ALV) determined by the Small Causes Court. The decision was supported by provisions of the Rent Control Act, emphasizing that in the absence of standard rent determination, actual rental income should be considered for assessment. The Revenue's argument to use the Small Causes Court's ALV for taxation was rejected, and the Tribunal's decision aligning with the Rent Control Act's provisions was upheld. Case-Laws Income Tax Fri, 04 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279866