1984 (2) TMI 172

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..... from property income even though the said municipal tax had not been paid by the assessee during the accounting year. 2. The income from property has to be computed with reference to the annual value of the said property. Section 23 of the Income-tax Act, 1961, indicates the manner in which the annual value has to be determined. The first proviso to sub-section (1) of section 23 stipulates inter .....

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..... in dispute that municipal tax had been levied on the assessee though he had not paid it. The claim of the assessee, therefore, for deduction of municipal tax was entirely justified and the learned AAC was entirely correct when he upheld the above claim of the assessee. We find no infirmity in his order and accordingly we confirm it. 3. In the result, the departmental appeal stands rejected.
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