https://www.taxtmi.com/caselaws?id=26685 The court held that the annual value of a property should be determined solely under section 23(1) of the Income-tax Act, 1961, along with its first proviso, excluding the second proviso. It emphasized that deductions for repairs should be based on the original annual value, not the reduced amount after statutory deductions. The court agreed with the Income-tax Appellate Tribunal's decision, affirming that repairs allowance should be calculated based on the annual value determined under the first proviso of section 23(1). Each party was ordered to bear its own costs. en-us Fri, 20 Apr 1984 00:00:00 +0530 Sat, 06 Feb 2010 17:27:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26685 The court held that the annual value of a property should be determined solely under section 23(1) of the Income-tax Act, 1961, along with its first proviso, excluding the second proviso. It emphasized that deductions for repairs should be based on the original annual value, not the reduced amount after statutory deductions. The court agreed with the Income-tax Appellate Tribunal's decision, affirming that repairs allowance should be calculated based on the annual value determined under the first proviso of section 23(1). Each party was ordered to bear its own costs. Case-Laws Income Tax Fri, 20 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26685