https://www.taxtmi.com/caselaws?id=56286 The Appellate Tribunal ITAT Ahmedabad-C remitted the matter back to the ITO for reassessment of the annual letting value (ALV) of a self-occupied property for taxation purposes. The Tribunal emphasized that the rent determined by the Municipality is not binding on the revenue department and directed the ITO to determine the ALV in accordance with Rent Control Act provisions applicable in Gujarat State, highlighting the importance of aligning the ALV with Rent Control Act standards for accurate taxation assessment. en-us Mon, 08 Aug 1983 00:00:00 +0530 Thu, 02 Dec 2010 17:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56286 The Appellate Tribunal ITAT Ahmedabad-C remitted the matter back to the ITO for reassessment of the annual letting value (ALV) of a self-occupied property for taxation purposes. The Tribunal emphasized that the rent determined by the Municipality is not binding on the revenue department and directed the ITO to determine the ALV in accordance with Rent Control Act provisions applicable in Gujarat State, highlighting the importance of aligning the ALV with Rent Control Act standards for accurate taxation assessment. Case-Laws Income Tax Mon, 08 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56286