https://www.taxtmi.com/caselaws?id=24389 HC held that annual value under section 23(1)(a) must be determined with reference to the sum for which the property might reasonably be let from year to year and the annual municipal (rateable) value. Following the Calcutta HC approach, the court answered against the Department and directed the Tribunal to re-determine the annual value of the properties in accordance with those principles and the directions set out in the judgment. en-us Thu, 01 Dec 1988 00:00:00 +0530 Tue, 28 Oct 2025 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24389 HC held that annual value under section 23(1)(a) must be determined with reference to the sum for which the property might reasonably be let from year to year and the annual municipal (rateable) value. Following the Calcutta HC approach, the court answered against the Department and directed the Tribunal to re-determine the annual value of the properties in accordance with those principles and the directions set out in the judgment. Case-Laws Income Tax Thu, 01 Dec 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24389