https://www.taxtmi.com/caselaws?id=21130 The High Court held that the assessee, a private limited company, was liable to be taxed on the annual value of a property in Calcutta, despite a pending ejectment suit against a tenant. The Court emphasized that ownership of the property alone is the criterion for assessment, and the property's potential rental value is assessable regardless of actual rental activity. The Court upheld the Revenue's position, denying the assessee's claim for deduction of legal charges and ruling in favor of assessing the income from the property. en-us Wed, 19 Jun 1991 00:00:00 +0530 Fri, 20 Nov 2009 12:17:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21130 The High Court held that the assessee, a private limited company, was liable to be taxed on the annual value of a property in Calcutta, despite a pending ejectment suit against a tenant. The Court emphasized that ownership of the property alone is the criterion for assessment, and the property's potential rental value is assessable regardless of actual rental activity. The Court upheld the Revenue's position, denying the assessee's claim for deduction of legal charges and ruling in favor of assessing the income from the property. Case-Laws Income Tax Wed, 19 Jun 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21130