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2021 (2) TMI 62 - ITAT MUMBAIIncome from house property - Annual Letting Value of the property situated at Anna Salai, Chennai - assessee company was having the vacant property at Anna Salai and ALV of the property was assessed @ 6% of capital value of the house property - HELD THAT:- Actually, the premises in question was on rent earlier with the HDFC Bank. Under the compelled circumstances, the tenant HDFC Bank vacated the premises because the Metro Rail Project came before the premises, therefore, the said premise was vacated by Bank. On similar circumstances, the Hon’ble ITAT has already explained the reason in which the rental value of the premises was not liable to be assessed on the percentage basis of the value of the property. Accordingly, it is quite clear that the case of the assessee has duly been covered by the Hon’ble ITAT in the assesse’s own case [2019 (11) TMI 983 - ITAT MUMBAI] therefore, we set aside the finding of the CIT(A) on these issues and allowed the claim of the assessee.
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