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2016 (1) TMI 1335 - AT - Income TaxDetermining the ALV of the property as fixed by the Municipal authorities - Held that:- As perused the orders furnished before us in the case of the assessee and his wife and find that there is no material difference in the orders passed in earlier years and this year. No new material has come on record to suggest that the ALV of the vacant flats should not be fixed at some other value other than the Municipal value. There is no change in fact therefore, the contention of the Ld. DR that during this year there are materials to show that the ALV is more than the Municipal valuation may not be correct. - Decided in favour of the assessee
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