https://www.taxtmi.com/caselaws?id=294134 The Tribunal allowed the appeal, directing the Assessing Officer to determine the annual letting value (ALV) of the vacant flat as per the Municipal Ratable Value (MRV), in accordance with previous decisions involving the same assessee and family members. The Tribunal rejected the method of increasing the MRV by 5% annually for determining ALV, emphasizing the need for consistency in ALV determination based on MRV. en-us Wed, 05 Feb 2020 00:00:00 +0530 Tue, 23 Mar 2021 11:20:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294134 The Tribunal allowed the appeal, directing the Assessing Officer to determine the annual letting value (ALV) of the vacant flat as per the Municipal Ratable Value (MRV), in accordance with previous decisions involving the same assessee and family members. The Tribunal rejected the method of increasing the MRV by 5% annually for determining ALV, emphasizing the need for consistency in ALV determination based on MRV. Case-Laws Income Tax Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294134