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2017 (2) TMI 445 - AT - Income TaxDetermination of Annual Value u/s. 23(l)(a) - property lying vacant - Held that:- Assessee has rightly assigned “NIL” Annual Lettable Value of the impugned 16 shops which were ready to be let out during the year but remained vacant throughout the year and the same was duly covered under the provisions of section 23(1)(c) of the Act. We accordingly set aside the order of ld. CIT(A), delete the impugned addition and allow the appeal of assessee. See case of Vikas Keshav Garud vs. ITO [2016 (7) TMI 942 - ITAT PUNE ]
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