https://www.taxtmi.com/caselaws?id=60696 For computing annual value of let property under section 23(1)(b), actual rent is not confined to basic rent and includes all amounts recovered from tenants as consideration for use and occupation of the premises. A surcharge on municipal tax collected by the landlord from commercial tenants was treated as part of the rent received, because the landlord remained primarily liable for the municipal levy and the recovery did not change the character of the receipt. Separate book treatment or describing the amount as a deposit or agency collection was held immaterial. The surcharge was therefore includible in gross rent, and its exclusion was unsustainable. en-us Thu, 18 Dec 2003 00:00:00 +0530 Fri, 07 Jan 2011 16:38:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60696 For computing annual value of let property under section 23(1)(b), actual rent is not confined to basic rent and includes all amounts recovered from tenants as consideration for use and occupation of the premises. A surcharge on municipal tax collected by the landlord from commercial tenants was treated as part of the rent received, because the landlord remained primarily liable for the municipal levy and the recovery did not change the character of the receipt. Separate book treatment or describing the amount as a deposit or agency collection was held immaterial. The surcharge was therefore includible in gross rent, and its exclusion was unsustainable. Case-Laws Income Tax Thu, 18 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60696