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Income Tax - Highlights / Catch Notes

Home Highlights May 2018 Year 2018 This

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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