1990 (1) TMI 52 - HC - Income Tax

Summary

The High Court of Delhi dismissed the petition regarding the annual letting value of a property in Kanpur, as the value was determined by the Kanpur Nagar Mahapalika at Rs. 12,000, resulting in an annual letting value of Rs. 2,400 for the petitioner. The court cited the decision in Sheila Kaushish v. CIT [1981] 131 ITR 435, stating that the value should be determined according to the Rent Restriction Act.