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2011 (3) TMI 504 - ITAT, MUMBAIIncome from House property - Annual Value and Fair Value - Interest accrued on advance security deposit as notional rent - held that:- That in this case the ALV cannot be limited to the standard rent as workable under the Rent Control Act but the fair rental value shall have to be determined. The fair rental value determined by the Assessing Officer however is not reasonable. - matter remanded back to AO for determination of the fair rent to be adopted as the annual letting value.
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