https://www.taxtmi.com/caselaws?id=23614 For computing annual letting value of a house property, the figure fixed under the applicable rent control law must be adopted where that statute governs the valuation principle. The municipal assessment was treated as the proper basis, and the assessee's self-occupied property was apportioned so that only one-fifth of the determined annual value was taken for the assessee's share. In light of the Supreme Court's ruling that annual letting value must be determined according to the applicable Rent Restriction Act, the proposed reference question no longer raised a live controversy and was treated as academic. en-us Tue, 16 Jan 1990 00:00:00 +0530 Tue, 22 Dec 2009 16:36:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23614 For computing annual letting value of a house property, the figure fixed under the applicable rent control law must be adopted where that statute governs the valuation principle. The municipal assessment was treated as the proper basis, and the assessee's self-occupied property was apportioned so that only one-fifth of the determined annual value was taken for the assessee's share. In light of the Supreme Court's ruling that annual letting value must be determined according to the applicable Rent Restriction Act, the proposed reference question no longer raised a live controversy and was treated as academic. Case-Laws Income Tax Tue, 16 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23614