https://www.taxtmi.com/caselaws?id=464641 Annual rental value under section 23(1) depended on the factual extent of the property let out, and the revenue's assumption that the entire building was leased was not accepted without verification. The assessee claimed that only the third floor had been let out, while the lease deed was relied on to assess the whole premises. As the claim had not been properly tested through physical inspection or other supporting material, fresh factual inquiry was required. The matter was remitted to the Assessing Officer for re-adjudication after verification of the portion actually let out. en-us Wed, 14 Aug 2019 00:00:00 +0530 Fri, 07 Nov 2025 20:13:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464641 Annual rental value under section 23(1) depended on the factual extent of the property let out, and the revenue's assumption that the entire building was leased was not accepted without verification. The assessee claimed that only the third floor had been let out, while the lease deed was relied on to assess the whole premises. As the claim had not been properly tested through physical inspection or other supporting material, fresh factual inquiry was required. The matter was remitted to the Assessing Officer for re-adjudication after verification of the portion actually let out. Case-Laws Income Tax Wed, 14 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464641