Determination of ALV of a let out property

RELEVANT PARAGRAPH 10. I have given my careful consideration to the rival contentions. The first issue, in my view, to be addressed in this case is as to the determination of annual letting value of the house property in accordance with the provisions of section 23(1)(a) of the Act. Once that issue is decided, then it will be easy to decide the second issue as to whether the earlier order of the Tribunal in assessee’s own case was necessarily to be followed or not. 11. Since the controversy revolves around section 23 of the Act, I reproduce the same as under: – “Annual value ...