TMI BlogAddition towards the ‘Annual Lettable Value‘(“ALV”) of a property owned - property jointly owned by the...Addition towards the ‘Annual Lettable Value‘(“ALV”) of a property owned - property jointly owned by the assessee - as the rent of ₹ 60,000/- ( ½ share) received by the assessee during the year under consideration is less than the notional lettable value of the aforesaid property which during the year under consideration can safely be taken at ₹ 1,80,000/-, therefore, its ALV has to be taken as per Sec. 23(1)(a) at ₹ 1,80,000/-. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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