https://www.taxtmi.com/caselaws?id=466305 For computation of notional rent under income from house property for vacant commercial premises, the municipal ratable value must be ascertained and used; a computation based on a proportion of property taxes paid is unsustainable. The record showed only a mesne profit application remained and no legal impediment prevented letting, so reliance on subjudice to justify zero actual letting failed. The Assessing Officer is directed to determine municipal valuation for each property and recompute notional rent, ensuring the assessee is given a proper opportunity of hearing. en-us Fri, 28 Feb 2025 00:00:00 +0530 Thu, 29 Jan 2026 17:44:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466305 For computation of notional rent under income from house property for vacant commercial premises, the municipal ratable value must be ascertained and used; a computation based on a proportion of property taxes paid is unsustainable. The record showed only a mesne profit application remained and no legal impediment prevented letting, so reliance on subjudice to justify zero actual letting failed. The Assessing Officer is directed to determine municipal valuation for each property and recompute notional rent, ensuring the assessee is given a proper opportunity of hearing. Case-Laws Income Tax Fri, 28 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466305