https://www.taxtmi.com/caselaws?id=418803 The Tribunal allowed the appeal, directing the AO to recompute the income from house property based on municipal value in compliance with section 23(1) of the Income Tax Act, 1961. The Tribunal emphasized the importance of using actual municipal valuation rather than arbitrary percentages of investment value. The order was pronounced on 15/02/2022. en-us Tue, 15 Feb 2022 00:00:00 +0530 Thu, 24 Feb 2022 11:27:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418803 The Tribunal allowed the appeal, directing the AO to recompute the income from house property based on municipal value in compliance with section 23(1) of the Income Tax Act, 1961. The Tribunal emphasized the importance of using actual municipal valuation rather than arbitrary percentages of investment value. The order was pronounced on 15/02/2022. Case-Laws Income Tax Tue, 15 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418803