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2006 (9) TMI 170 - ALLAHABAD HIGH COURTWealth tax - Admittedly residential property which was occupied by the assessee was an old property and was covered by the provisions of the U. P. Urban Buildings (Regulation of Letting, Rent and Eviction) Act – as per this act owner cannot charge the rent in excess of what has been fixed by the authority – hence Tribunal was justified in holding that the ‘gross maintainable rent’ should be adopted on the basis of ‘annual reasonable rent’ it was restricted by the U. P. rent control legislation
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