1994 (12) TMI 337 - HC - Income Tax

Summary

The High Court of Delhi considered two questions for assessment year 1971-72 regarding income tax. The first question involved the interpretation of section 22, determining annual value of property regardless of actual income. The second question related to disallowance of vacancy allowance when property was not let out. The court answered both questions in favor of the tax authorities, citing relevant provisions and previous court decisions.