Case Law Details
Case Name : ITO Vs. Pushya Properties (P.) Ltd. (ITAT Mumbai)
Related Assessment Year : 2005- 2006
Courts :
All ITAT ITAT Mumbai
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RELEVANT PARAGRAPH
5.11 Now coming to the merits of the case. For this purposes, we are required to consider the scheme of taxation of income from house property. Section 22 says that the measure of income from house property is its annual value. The annual value is to be decided in accordance with section 23. Sub-section (1) of section 23, by virtue of the amendment with effect from the assessment year 1976-77, has two limbs, namely, clauses (a) and (b). Clause
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