Annual letting value (“ALV”) of the property brought to tax - ...
Case Laws Income Tax
May 1, 2018
Annual letting value (“ALV”) of the property brought to tax - notional income - levy of income-tax in this case shall not be on the premise whether the assessee carries on business as landlord, but on the basis of ownership, as such, the authorities below have rightly held that the ALV of this building has to be brought to tax. - AT
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