https://www.taxtmi.com/caselaws?id=56788 The ITAT upheld the ITO's decision to restrict the standard deduction for a Managing Director's car and driver expenses to Rs. 1,000, citing non-duty usage of the car. Additionally, the ITAT set the Annual Letting Value (ALV) for a self-occupied property's first floor at Rs. 9,500, considering its commercial potential, overruling the AAC's reduction to Rs. 3,000 based on municipal valuation. en-us Mon, 27 Oct 1986 00:00:00 +0530 Mon, 06 Dec 2010 17:08:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56788 The ITAT upheld the ITO's decision to restrict the standard deduction for a Managing Director's car and driver expenses to Rs. 1,000, citing non-duty usage of the car. Additionally, the ITAT set the Annual Letting Value (ALV) for a self-occupied property's first floor at Rs. 9,500, considering its commercial potential, overruling the AAC's reduction to Rs. 3,000 based on municipal valuation. Case-Laws Income Tax Mon, 27 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56788