https://www.taxtmi.com/caselaws?id=422672 The Tribunal determined that in the absence of proper investigation and concrete evidence, the Municipal rateable value or the actual rent declared by the assessee, whichever is higher, should be adopted as the fair rent under Section 23(1)(a) of the Income Tax Act. Consequently, the appeal of the assessee was allowed, and the additions made by the Assessing Officer were set aside. en-us Fri, 08 Apr 2022 00:00:00 +0530 Fri, 20 May 2022 09:00:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422672 The Tribunal determined that in the absence of proper investigation and concrete evidence, the Municipal rateable value or the actual rent declared by the assessee, whichever is higher, should be adopted as the fair rent under Section 23(1)(a) of the Income Tax Act. Consequently, the appeal of the assessee was allowed, and the additions made by the Assessing Officer were set aside. Case-Laws Income Tax Fri, 08 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422672