https://www.taxtmi.com/caselaws?id=57608 The Tribunal upheld the Commissioner's order to compute the income from the property based on the maintainable rent rather than the actual rent received by the assessee. It also established the assessee as the owner of the first floor of the property, considering the construction by his parents. Additionally, the Tribunal determined the annual value of the property using the higher rent received from subletting to Punjab National Bank, dismissing the appeal against the Commissioner's decision under section 263 of the Income-tax Act, 1961. en-us Tue, 27 Jan 1987 00:00:00 +0530 Sat, 11 Dec 2010 11:19:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57608 The Tribunal upheld the Commissioner's order to compute the income from the property based on the maintainable rent rather than the actual rent received by the assessee. It also established the assessee as the owner of the first floor of the property, considering the construction by his parents. Additionally, the Tribunal determined the annual value of the property using the higher rent received from subletting to Punjab National Bank, dismissing the appeal against the Commissioner's decision under section 263 of the Income-tax Act, 1961. Case-Laws Income Tax Tue, 27 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57608