Annual Letting Value of house property under section 23(1)(a) of Income Tax Act, 1961

In respect of properties where restriction under Rent Control Act is not applicable, the annual letting value has got to be determined after taking into consideration various factors and the standard rent or Municipal valuation may be adjusted after taking into account such factors.

IN THE INCOME TAX APPELLATE TRIBUNAL
MUMBAI BENCHES, ‘B’, MUMBAI

BEFORE SHRI M A BAKSHI, VICE PRESIDENT (THIRD MEMBER)

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