https://www.taxtmi.com/caselaws?id=795150 A rent reasonableness certificate must be based on the relevant lease deed and prescribed material governing assessment or reassessment of fair rent. The hiring committee had received but failed to consider the lease deed, recognised valuation principles, and prevailing market rent as applicable methods for determining reasonable rent. As the certificate was issued without considering material directly relevant to rent determination, it was quashed. The matter was remitted for reconsideration in accordance with the lease deed and applicable fair-rent assessment material. en-us Tue, 14 Jul 2026 00:00:00 +0530 Fri, 17 Jul 2026 08:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795150 A rent reasonableness certificate must be based on the relevant lease deed and prescribed material governing assessment or reassessment of fair rent. The hiring committee had received but failed to consider the lease deed, recognised valuation principles, and prevailing market rent as applicable methods for determining reasonable rent. As the certificate was issued without considering material directly relevant to rent determination, it was quashed. The matter was remitted for reconsideration in accordance with the lease deed and applicable fair-rent assessment material. Case-Laws Income Tax Tue, 14 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795150