https://www.taxtmi.com/caselaws?id=781004 ITAT held that the assessee's property was partly self-occupied and partly let out, and the AO erred in treating the entire annual letting value (ALV) as taxable income. The Tribunal found the AO's adopted rate (derived from a website) unrealistic and non-scientific. The matter is remanded to the AO to determine ALV only for the let-out portion, applying established judicial guidelines (including SC decisions) and after giving the assessee an opportunity to be heard. Grounds raised by the assessee were partly allowed for statistical purposes. en-us Tue, 04 Nov 2025 00:00:00 +0530 Mon, 10 Nov 2025 08:56:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781004 ITAT held that the assessee's property was partly self-occupied and partly let out, and the AO erred in treating the entire annual letting value (ALV) as taxable income. The Tribunal found the AO's adopted rate (derived from a website) unrealistic and non-scientific. The matter is remanded to the AO to determine ALV only for the let-out portion, applying established judicial guidelines (including SC decisions) and after giving the assessee an opportunity to be heard. Grounds raised by the assessee were partly allowed for statistical purposes. Case-Laws Income Tax Tue, 04 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781004