https://www.taxtmi.com/caselaws?id=281063 The Tribunal affirmed the CIT (Appeals)'s decision, ruling that notional rental income must be calculated for properties owned by the assessee, even if not let out. Section 23(1)(c) was found inapplicable as the properties were never rented out. The AO's determination of annual value was deemed reasonable, consistent with the law. The Tribunal rejected all appeals by the assessee, ensuring uniformity in legal application. en-us Tue, 31 Mar 2015 00:00:00 +0530 Sat, 01 Jun 2019 20:22:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281063 The Tribunal affirmed the CIT (Appeals)'s decision, ruling that notional rental income must be calculated for properties owned by the assessee, even if not let out. Section 23(1)(c) was found inapplicable as the properties were never rented out. The AO's determination of annual value was deemed reasonable, consistent with the law. The Tribunal rejected all appeals by the assessee, ensuring uniformity in legal application. Case-Laws Income Tax Tue, 31 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281063