Notional rent on security deposit cannot be considered to calculate annual value

Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in upholding the order of the Commissioner of Income Tax (Appeals) (CIT(A)) directing the Assessing Officer to delete the 12% interest charged by him, on the interest free deposit received by the assessee, to determine the ALV of the rented property ignoring the well settled judicial principle that what is important is the real nature of transactions in the relied on case supra and not the facts? Held by High Court (a) Mr. Kotangale, the learned counsel appearing for the Revenue very fairly states ...