https://www.taxtmi.com/caselaws?id=411460 The appeals were allowed for statistical purposes, emphasizing the importance of determining Annual Letting Value based on fair market rental value. The matter was remanded to the Assessing Officer for re-adjudication in accordance with the provisions of the Income Tax Act, ensuring a just determination of the ALV. The judgment highlighted the necessity of providing the assessee with a fair opportunity to present their case and ensuring strict adherence to the law in determining property values. en-us Tue, 17 Aug 2021 00:00:00 +0530 Thu, 26 Aug 2021 08:48:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411460 The appeals were allowed for statistical purposes, emphasizing the importance of determining Annual Letting Value based on fair market rental value. The matter was remanded to the Assessing Officer for re-adjudication in accordance with the provisions of the Income Tax Act, ensuring a just determination of the ALV. The judgment highlighted the necessity of providing the assessee with a fair opportunity to present their case and ensuring strict adherence to the law in determining property values. Case-Laws Income Tax Tue, 17 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411460