Computation of Annual Value u/s 23 of the Income Tax Act

Last updated: 27 November 2021
Quick Summary
This judgement from the High Court of Karnataka concerns the computation of annual value for rental properties under Section 23 of the Income Tax Act. It clarifies the rules and principles applied by tax authorities when determining the taxable income from properties. The case involves M/s Sobha Interiors (P) Ltd and the Income Tax Department.

Court :
High Court of Karnataka

Brief :
Whether the tribunal is justified holding that the annual value to be adapted?

Citation :
ITA 166/2017

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Published in Income Tax
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