Income from House property - the assessee has occupied part of ...

Annual Lettable Value Not Applicable to Entire Property When Part Used for Personal Residence.

September 5, 2018

Case Laws Income Tax AT

Income from House property - the assessee has occupied part of the house for his residential purposes during the year under consideration and, therefore, the ALV for the last year for entire house cannot be adopted as ALV of the part portion of the house let out by the assessee.

View Source

← Previous Next →

Income from House property - the assessee has occupied part of ...

Annual Lettable Value Not Applicable to Entire Property When Part Used for Personal Residence.

September 5, 2018

Case Laws Income Tax AT

You may also like:

Annual value determination - Estimating the value of the house property - assessee should be granted vacancy allowance.

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...

Income from house property - Deduction u/s 23(1) - Annual mixed use charges paid by the assessee to Municipal Corporation - The said charges is in the nature of...

Income from house property - Municipal lettable value disregarded - enhancement made in the annual letting value - by no stretch of imagination, it can be said that the...

Income from house property - consider the Ambey Valley property as self-occupied property - determination of annual value - CIT(A) has upheld that the 7% of cost of...

Income from the house property - premises used for the purposes of the business in which he was a partner - annual value is to be determined as per the provisions of...

Income from house property - ALV determination - these are the guiding factors for determining the annual rental value of the property and any deviation from the same is...

Attachment of immovable property - recovery of service tax was not done - the personal property of a sole proprietor or partners shall not be attached, and personal...

The High Court held that personal jewellery which is not newly acquired during an overseas trip, but rather has been a used personal effect carried by the passenger,...

Assessment u/s 153A - computation of income from house property. Additions proposed relate to unabated assessment years from 2013-14 onwards where no incriminating...

While calculating annual value of the let out property, maintenance charges paid to the society by the assessee is admissible deduction from the annual let out value u/s 23(1)(b)

Income from house property - ALV u/s 23(1)(a) - In determining the reasonable rent, several factors have to be taken into consideration, such as, location of the...

Disallowance of depreciation on vehicle on the ground of personal use - Once the claim of depreciation on passenger vehicle is accepted by the AO then the depreciation...

Municipal property tax reimbursements by lessee/occupier are subject to GST as part of the taxable value of supply under Sec 15 of GST Act. AAR ruled that municipal...

Income from house property - Estimation of annual value @8.5% appears to be without any basis since the annual value has to be determined as the value for the property...

Quick Updates: