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Assessment of Income from House Property - ALV determination - ...


Tribunal Upholds Income Tax Order, Directs Use of Municipal Value for Property Valuation in Chennai.

February 27, 2024

Case Laws     Income Tax     AT

Assessment of Income from House Property - ALV determination - The Tribunal dismissed the assessee's appeal and upheld the ITD's order. The Tribunal directed the Assessing Officer to adopt the municipal value adopted by the Chennai Corporation for determining the annual letting value of the property.

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