Sec 23 (1) clause a

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02 February 2012 what is the sec about and any case law on that

02 February 2012 It is the reasonable rent that would fetch if let out.
Municipal/Corporation value can be the basis for 23(1)(a). Pl refer CIT Vs Bhaskar Mitter (1994) 73 Taxman 437 (Cal).


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