Standard rent has to be computed as per the Rent Control Act even if same is not fixed
While determining annual letting value in respect of properties which are subject to rent control legislation and in cases where standard rent has not been fixed, Assessing Officer shall determine same in accordance with relevant rent control legislation HIGH COURT OF BOMBAY Vimal R. Ambani v. Deputy Commissioner of Income-tax S.C. DHARMADHIKARI AND A.K.… Read More »