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Case Law Details

Case Name : Gagan Trading Co. Ltd., Vs. Asstt. Commissioner of Income-tax (ITAT Mumbai)
Appeal Number : I.T.A. No.4088/Mum/2010
Date of Judgement/Order : 12/10/2012
Related Assessment Year : 2006-07
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While deciding the issue relating to determination of actual value of the assessee’ s property in Mumbai the income from house property must be computed on the basis of the sum which might reasonably be expected to let from year to year and with the annual Municipal value provided such a value is not above

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