TMI BlogAnnual Letting Value of Vacant Property is Nil if No Rent Received: Income Tax Act, Section 23(1)(c).Determination of Annual Letting value (ALV) of property vacant during the year – Section 23(1)(c) – rent received or receivable from the property in question during the year was nil, the same was to be taken as the annual value of the property..... - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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