https://www.taxtmi.com/caselaws?id=308872 The Tribunal allowed the assessee's appeal, emphasizing the importance of determining fair market rent based on legal provisions and factors affecting rental value. The case underscored the need for due process in assessing fair rental income, particularly in transactions involving related parties. The Tribunal directed a reexamination of the issue by the AO to ensure compliance with the law. en-us Fri, 01 Feb 2019 00:00:00 +0530 Sat, 29 Jul 2023 08:13:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308872 The Tribunal allowed the assessee's appeal, emphasizing the importance of determining fair market rent based on legal provisions and factors affecting rental value. The case underscored the need for due process in assessing fair rental income, particularly in transactions involving related parties. The Tribunal directed a reexamination of the issue by the AO to ensure compliance with the law. Case-Laws Income Tax Fri, 01 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308872