Taxpayer's Rent Exceeds Municipal Value, Considered Annual Value Under Income Tax Act Section 23.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....The rent received by the assessee is more than the municipal rateable value - the rent received by the assessee has to be taken as the Annual value u/s 23 of the Act - AT....