https://www.taxtmi.com/caselaws?id=20546 Company-owned buildings held solely for the company's own occupation or for occupation by its officers or servants fall within the exemption under the U.P. Urban Buildings (Regulation of Letting, Rent and Eviction) Act, 1972. Residential occupation by directors may therefore place such premises outside rent-control coverage. Annual letting value may be determined through comparison with adjacent or comparable properties. Where the assessed rental value of the comparable property is not disputed and supports the valuation, there is no basis to disturb the annual letting value as a factual determination. en-us Wed, 21 Oct 1992 00:00:00 +0530 Sat, 14 Nov 2009 16:05:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20546 Company-owned buildings held solely for the company's own occupation or for occupation by its officers or servants fall within the exemption under the U.P. Urban Buildings (Regulation of Letting, Rent and Eviction) Act, 1972. Residential occupation by directors may therefore place such premises outside rent-control coverage. Annual letting value may be determined through comparison with adjacent or comparable properties. Where the assessed rental value of the comparable property is not disputed and supports the valuation, there is no basis to disturb the annual letting value as a factual determination. Case-Laws Income Tax Wed, 21 Oct 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20546