2001 (6) TMI 811 - Income Tax

Extract:
.......he highest, therefore, the same has to be adopted as the annual value of the property. The Assessing Officer is, therefore, directed to adopt the fair rental value of the property for the assessment year 1993-94 at ₹ 2,80,500. 6. In the result, the appeals of the Department are dismissed whereas the appeals of the assessee are partly allowed.