Income from house property - determination of ALV - if property ...

Assessing Officer Must Use Municipal Ratable Value for Non-Let House Property Income; Market Rates Not Applicable.

June 26, 2019

Case Laws Income Tax AT

Income from house property - determination of ALV - if property not let out then AO cannot determine the ALV by applying the market rate but he can do so only on the basis of ratable value assessed by the Municipal Corporation

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Income from house property - determination of ALV - if property ...

Assessing Officer Must Use Municipal Ratable Value for Non-Let House Property Income; Market Rates Not Applicable.

June 26, 2019

Case Laws Income Tax AT

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