1981 (3) TMI 100 - AT - Income Tax

Summary

The ITAT Bombay-C dismissed the departmental appeal against the order of the CIT (A) regarding the computation of income from property based on rateable value fixed by the Municipal Corporation instead of market value. The decision was based on previous rulings and held that for self-occupied property, income should be calculated using the rateable value. (Case citation: 1981 (3) TMI 100 - ITAT BOMBAY-C)