https://www.taxtmi.com/caselaws?id=391108 The Tribunal partially allowed the appeal in favor of the assessee, emphasizing the significance of considering the valuation by the Municipal Authorities and determining the Annual Letting Value (ALV) based on valid reasoning rather than estimation. The Tribunal set aside the Commissioner (Appeals) order, directing the Assessing Officer to determine the income from house property in line with the Tribunal's observations, resulting in a reduced ALV of Rs. 79,380 as per the Municipal Authorities' valuation. en-us Wed, 15 Jan 2020 00:00:00 +0530 Mon, 20 Jan 2020 08:55:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391108 The Tribunal partially allowed the appeal in favor of the assessee, emphasizing the significance of considering the valuation by the Municipal Authorities and determining the Annual Letting Value (ALV) based on valid reasoning rather than estimation. The Tribunal set aside the Commissioner (Appeals) order, directing the Assessing Officer to determine the income from house property in line with the Tribunal's observations, resulting in a reduced ALV of Rs. 79,380 as per the Municipal Authorities' valuation. Case-Laws Income Tax Wed, 15 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391108