https://www.taxtmi.com/caselaws?id=24229 For a self-occupied property governed by rent control legislation, annual letting value is limited to the rent reasonably determinable under that statute and cannot exceed standard rent or fair rent. The applicable rent control framework fixes the norm of reasonable rent, so the property's annual value does not change merely because it is self-occupied rather than let out. Where standard rent has not been formally fixed, the Income-tax Officer must determine rent on the principles of the rent control law, since a landlord cannot reasonably be expected to receive more than such rent from a hypothetical tenant. Computation may then proceed with permissible deductions. en-us Mon, 07 Nov 1988 00:00:00 +0530 Mon, 18 Jan 2010 16:31:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24229 For a self-occupied property governed by rent control legislation, annual letting value is limited to the rent reasonably determinable under that statute and cannot exceed standard rent or fair rent. The applicable rent control framework fixes the norm of reasonable rent, so the property's annual value does not change merely because it is self-occupied rather than let out. Where standard rent has not been formally fixed, the Income-tax Officer must determine rent on the principles of the rent control law, since a landlord cannot reasonably be expected to receive more than such rent from a hypothetical tenant. Computation may then proceed with permissible deductions. Case-Laws Income Tax Mon, 07 Nov 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24229