ALV of Property will be Nil if it was let out in earlier years but lying vacant in previous year

IN THE ITAT DELHI BENCH ‘F’ Assistant Commissioner of Income-tax Versus Dr. Prabha Sanghi IT APPEAL NO. 2217 (DELHI) OF 2010 ASSESSMENT YEAR 2004-05 Date of Pronouncement – 18.09.2012 ORDER A.D. Jain, Judicial Member This is an appeal filed by the department for Assessment Year 2004-05 against the order dated 18.02.2012 passed by the CIT(A)-XXX, New Delhi, taking the following grounds:- “On the facts and in the circumstances of the case and in law, the ld. CIT(A) has erred in :- 1. applying the provision of Section 23(1)(c) in respect of property at A-6...