https://www.taxtmi.com/caselaws?id=55929 The Tribunal confirmed the Annual Letting Value (ALV) of Rs. 45,000 for each bungalow after deductions, despite the firm's dissolution reducing the value by Rs. 5,000. Additionally, the Tribunal allowed the depreciation claim on the vehicle, emphasizing that registration was not a determining factor for depreciation eligibility, contrary to the Income Tax Officer's disallowance. en-us Tue, 21 Jul 1992 00:00:00 +0530 Tue, 30 Nov 2010 16:56:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55929 The Tribunal confirmed the Annual Letting Value (ALV) of Rs. 45,000 for each bungalow after deductions, despite the firm's dissolution reducing the value by Rs. 5,000. Additionally, the Tribunal allowed the depreciation claim on the vehicle, emphasizing that registration was not a determining factor for depreciation eligibility, contrary to the Income Tax Officer's disallowance. Case-Laws Income Tax Tue, 21 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55929