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2004 (12) TMI 283 - AT - Income TaxExtract: ........ If we analyse the facts and circumstances of the present case in the light of the provisions of s. 23(1)(b), the general outcome is that the amount for which the property was let out to bank was to be taken as ALV and not the municipal valuation. The assessee s this plea, therefore, fails. 15. In the result, assessee s appeals are partly allowed.
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