https://www.taxtmi.com/caselaws?id=403570 The ITAT ruled in favor of the assessee, overturning the CIT(A)'s decision. The Tribunal determined that the Annual Letting Value (ALV) of the property at Anna Salai, Chennai should be considered nil, as the property was vacant during the assessment year due to external circumstances, aligning with precedent set in a similar case. en-us Thu, 17 Dec 2020 00:00:00 +0530 Wed, 30 Oct 2024 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403570 The ITAT ruled in favor of the assessee, overturning the CIT(A)'s decision. The Tribunal determined that the Annual Letting Value (ALV) of the property at Anna Salai, Chennai should be considered nil, as the property was vacant during the assessment year due to external circumstances, aligning with precedent set in a similar case. Case-Laws Income Tax Thu, 17 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403570