[aaykarbhavan] ALV of property let out to sister concern had to be as per Municipality records of earlier years if facts were same

ALV of property let out to sister concern had to be as per Municipality records of earlier years if facts were same

July 15, 2014[2014] 46 taxmann.com 188 (Bombay)

IT : Where in order to determine annual value of property let out by assessee to its sister concern, Tribunal in earlier years directed AO to adopt valuation given by Municipal Corporation, in absence of any change in circumstances, basis so adopted was to be accepted during relevant year as well

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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