https://www.taxtmi.com/caselaws?id=282601 The Tribunal upheld the CIT(A)'s decision to determine the Annual Letting Value (ALV) based on municipal rateable value, dismissing Revenue's appeals. Assessees' appeals challenging ad-hoc ALV enhancement were allowed, directing the Assessing Officer to delete the additions. The Tribunal emphasized ALV determination should primarily rely on municipal rateable value unless there is credible evidence suggesting otherwise. The order was pronounced on 27/02/2019, with Revenue's appeals for the assessment years 2013-14 and 2014-15 dismissed, and assessees' appeals allowed for the same years. en-us Wed, 27 Feb 2019 00:00:00 +0530 Wed, 14 Aug 2019 06:53:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282601 The Tribunal upheld the CIT(A)'s decision to determine the Annual Letting Value (ALV) based on municipal rateable value, dismissing Revenue's appeals. Assessees' appeals challenging ad-hoc ALV enhancement were allowed, directing the Assessing Officer to delete the additions. The Tribunal emphasized ALV determination should primarily rely on municipal rateable value unless there is credible evidence suggesting otherwise. The order was pronounced on 27/02/2019, with Revenue's appeals for the assessment years 2013-14 and 2014-15 dismissed, and assessees' appeals allowed for the same years. Case-Laws Income Tax Wed, 27 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282601