Entire property’s ALV cannot be taxed where only a part is let out; ALV must be proportionate to the let-out portions. An interesting issue of treatment of Annual lettable Value of the properly arose before ITAT in the case of Asha Burman vs. ACIT, Circle 46(1), New Delhi-ITAT Delhi, ITA Nos. 539 to 544/Del/2024,…
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