Annual letting value determinable as per rent control legislation as applicable

Manoj Tekriwal Vs DCIT (ITAT Mumbai)

Held that property subjected to rent control legislation, however, annual letting value determined without considering the provisions of rent control legislation is untenable in law.

Facts- During the course of assessment proceedings, the assessee was asked to file the details of immovable assets. In reply, the assessee submitted the details of owning 2 flats. As the assessee already has a residential property at Mumbai, therefore, the aforementioned properties we

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