ALV of property, which could not be let out, would be nil

Purushotamdas Goenka Vs ACIT (ITAT Mumbai) We find that in this case ,three properties owned by the assessee in Amritsar namely Madanmohan Malviya Road, Amritsar, Punjab, property at Moonlight Building, Katra Ahluwalia and Ramkin Joint property at MM Malviya Road, Amritsar remained vacant throughout the year though the same were let out in A.Y. 2015-16. We find that assessee has let out these properties in the subsequent year and accordingly offered the rental income to tax. Now the issue before us is whether the deemed rent of the assessee has to be taken as annual value (ALV) under section 2...