https://www.taxtmi.com/caselaws?id=21264 The High Court upheld the Tribunal's decisions in both cases, ruling that the actual rent received should be considered as the fair annual letting value for taxation purposes under the U.P. Rent Control Act provisions. The Court emphasized that if the agreed rent is fair and reasonable at the time of letting out the property, it should be deemed as the fair annual letting value. en-us Tue, 13 Oct 1992 00:00:00 +0530 Sat, 21 Nov 2009 11:37:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21264 The High Court upheld the Tribunal's decisions in both cases, ruling that the actual rent received should be considered as the fair annual letting value for taxation purposes under the U.P. Rent Control Act provisions. The Court emphasized that if the agreed rent is fair and reasonable at the time of letting out the property, it should be deemed as the fair annual letting value. Case-Laws Income Tax Tue, 13 Oct 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21264