Whether the notional interest on interest-free deposit from tenants is to be considered while determining the correct ALV u/s 23(1)(a)?

DCIT, Mumbai Vs M/s Sumer Ville Investments (ITAT Mumbai)– Whether the notional interest on interest-free deposit from tenants is to be considered while determining the correct ALV u/s 23(1)(a)- Whether when no independent enquiry is made by the AO from the purchasers of the property, the sale consideration of property cannot be rejected merely on the basis that in past the sales were made at higher price and particularly when the sale price was accepted by the stamp duty authorities for the purpose of stamp duty valuation. Assessee’s appeal partly allowed

IN THE INCOME TAX APPELLATE TRIBUNAL
MUMBAI BENCH’ E’

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