Assessee accused of reducing property rental value to evade taxes; no justification found for lower Annual Lettable Value.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Annual Value of House Property determination - as per AO assessee has taken the rent in cash and to avoid the tax liability the rental value has been substantially reduced - There is no merit in the case of assessee in justifying any reduction in the ALV of the property. - AT....