https://www.taxtmi.com/caselaws?id=26255 The reference concerned whether the Tribunal erred in treating municipal valuation as the annual letting value of the properties for assessment year 1960-61. The issue was governed by binding authority, including a prior Division Bench decision of the same Court for a connected year and the Supreme Court's ruling in Sheila Kaushish. On that basis, the municipal valuation could not be displaced in the manner urged by the Revenue, and the question was answered in the negative in favour of the assessee. en-us Fri, 18 Dec 1981 00:00:00 +0530 Wed, 03 Feb 2010 17:01:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26255 The reference concerned whether the Tribunal erred in treating municipal valuation as the annual letting value of the properties for assessment year 1960-61. The issue was governed by binding authority, including a prior Division Bench decision of the same Court for a connected year and the Supreme Court's ruling in Sheila Kaushish. On that basis, the municipal valuation could not be displaced in the manner urged by the Revenue, and the question was answered in the negative in favour of the assessee. Case-Laws Income Tax Fri, 18 Dec 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26255