1984 (7) TMI 201

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....ppeal is disposed of ex parte after hearing the departmental representative. Two grounds are raised in the assessee's appeal, which relates to the asst. yr. 1980-81. The first is against the adoption of the annual letting value of self-occupied property at Rs. 9600 thereby determining property loss at Rs. 5926 against the annual value returned by the assessee at Rs. 5400 and the loss under the hea....

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....ed the annual letting value at Rs. 800 per month for the asst. yr. 1979-80. On the other hand, it is gathered that for the asst. yr. 1979-80 the Department has accepted the annual letting value returned by the assessee at Rs. 5400 in the assessment made, but it is stated by the departmental representative that that assessment was under s. 153(1) and therefore, not much significance can be attached....

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....5,400 for the year under appeal has some basis, namely, the Municipal valuation, there is no basis for the value returned by the assessee on ad hoc basis at Rs. 800 per month. We would, therefore, sustain the value returned on the basis of the Municipal valuation in the absence of any material on record on behalf of the Department to show that such Municipal value does not represent the correct or....