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Actual Rent Seven Times Higher than Municipal Ratable Value Deemed Reasonable for Tax Assessment.

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....Income from house property - it is quite clear that the Municipal Ratable Value of the property is lower than the actual rent received by the assessee and in fact the actual rent received is almost seven times the Municipal Ratable Value - actual rent derived by the assessee is quite reasonable - AT....

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Actual Rent Seven Times Higher than Municipal Ratable Value Deemed Reasonable for Tax Assessment.