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It is not warranted on the part of the AO to determine the ...


Assessing Officer Wrong to Use Market Rent Over Municipal Ratable Value for Annual Letting Value Calculation.

December 30, 2013

Case Laws     Income Tax     AT

It is not warranted on the part of the AO to determine the income by taking the fair market rent of comparable properties let out in the localities by ignoring the ratable value fixed by the municipal authorities for arriving at the annual letting value - AT

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