https://www.taxtmi.com/caselaws?id=433462 The Tribunal remanded the issue to the Assessing Officer (AO) for determining the annual letting value in accordance with rent control legislation, as the AO and Commissioner of Income Tax (Appeals) did not consider the applicable laws in calculating the deemed rent. The decision was based on previous rulings emphasizing the need to determine rent based on municipal rateable value or actual rent received. The appeal by the assessee was allowed for statistical purposes. en-us Tue, 03 Jan 2023 00:00:00 +0530 Mon, 30 Jan 2023 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433462 The Tribunal remanded the issue to the Assessing Officer (AO) for determining the annual letting value in accordance with rent control legislation, as the AO and Commissioner of Income Tax (Appeals) did not consider the applicable laws in calculating the deemed rent. The decision was based on previous rulings emphasizing the need to determine rent based on municipal rateable value or actual rent received. The appeal by the assessee was allowed for statistical purposes. Case-Laws Income Tax Tue, 03 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433462