https://www.taxtmi.com/caselaws?id=416487 The Tribunal allowed the appeal, directing the deletion of the addition made by the AO and CIT(A) based on the market rental value, and accepted the municipal rateable value as the basis for determining the ALV. The Tribunal emphasized the importance of considering the assessee's declared business/professional income and the municipal rateable value in determining the ALV. en-us Thu, 23 Dec 2021 00:00:00 +0530 Thu, 30 Dec 2021 08:32:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416487 The Tribunal allowed the appeal, directing the deletion of the addition made by the AO and CIT(A) based on the market rental value, and accepted the municipal rateable value as the basis for determining the ALV. The Tribunal emphasized the importance of considering the assessee's declared business/professional income and the municipal rateable value in determining the ALV. Case-Laws Income Tax Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416487