https://www.taxtmi.com/caselaws?id=771202 Annual letting value under section 23 must be linked to the rent a property might reasonably be expected to fetch annually, rather than a percentage of its investment cost. An investment-based formula is unsustainable where no enquiry establishes the expected rental value. Vacancy allowance must also be considered, and computational errors may prevent confirmation of the full addition. On the available analysis, the house-property addition could not be sustained in full; it was restricted to a lump-sum estimate, with the remaining addition deleted. en-us Fri, 28 Mar 2025 00:00:00 +0530 Thu, 22 May 2025 08:21:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771202 Annual letting value under section 23 must be linked to the rent a property might reasonably be expected to fetch annually, rather than a percentage of its investment cost. An investment-based formula is unsustainable where no enquiry establishes the expected rental value. Vacancy allowance must also be considered, and computational errors may prevent confirmation of the full addition. On the available analysis, the house-property addition could not be sustained in full; it was restricted to a lump-sum estimate, with the remaining addition deleted. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771202