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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

Fair rental value u/s 23(1)(a) - Municipal value or actual rent ...


Court Rules on Fair Rental Value: Actual Rent vs. Municipal Value Under Income Tax Act Section 23(1)(a.

August 12, 2014

Case Laws     Income Tax     HC

Fair rental value u/s 23(1)(a) - Municipal value or actual rent received – Merely because the rent has not been fixed under that Act does not mean that any other determination and contrary can be made by the AO. - HC

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