https://www.taxtmi.com/caselaws?id=24269 Determination of "gross maintainable rent" under rule 1BB may raise a question of law where it depends on whether annual reasonable rent under rent-control law, and the income-tax concept of annual value, govern the valuation basis. The Tribunal had linked gross maintainable rent to these rent-control concepts. The High Court did not decide the competing merits of that valuation approach, but found that the legal characterisation of those concepts and their interaction with rule 1BB required consideration. The reference was therefore competent, and the Tribunal was directed to state the case and refer the principal question for the Court's opinion. en-us Mon, 27 Feb 1989 00:00:00 +0530 Mon, 18 Jan 2010 18:29:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24269 Determination of "gross maintainable rent" under rule 1BB may raise a question of law where it depends on whether annual reasonable rent under rent-control law, and the income-tax concept of annual value, govern the valuation basis. The Tribunal had linked gross maintainable rent to these rent-control concepts. The High Court did not decide the competing merits of that valuation approach, but found that the legal characterisation of those concepts and their interaction with rule 1BB required consideration. The reference was therefore competent, and the Tribunal was directed to state the case and refer the principal question for the Court's opinion. Case-Laws Wealth-tax Mon, 27 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24269