Tag: Annual value u/s 23

AO to determine annual letting value based on material evidences, if not satisfied with workings or municipal value – ITAT In a recent judgment, ITAT has held that if property is vacant for the year under consideration, the duty is cast upon the AO to determine the annual …

Annual letting value of property u/s 23(1)(a) on the basis of Municipal Valuation accepted by ITAT ABCAUS Case Law CitationABCAUS 3445 (2021) (01) ITAT Important case law relied referred:CIT v/s Mani Kumar Subba (2011 333 ITR 838)CIT v/s Tip Top Typography (2014 368 ITR 330) In the instant …

Deemed Annual value of old dilapidated house not habitable set aside for verification as deemed provision u/s 23 not applicable in such conditions ABCAUS Case Law Citation: ABCAUS 3025 (2019) (06) ITAT The appeal was filed by assessee against the order of CIT(A). One of the issue was …