Allowing the appeal of the assessee the Tribunal held that since the Assessing Officer had not made any enquiry with municipal authorities or any other Government agencies to find out market rent of property, annual value of property had to be determined as per valuation of Municipal Authorities. (AY. 2011-12)
Sanjay Brahmdev Kapoor v. ACIT (2020) 182 ITD 243 (Mum.) (Trib.)
S. 23 : Income from house property-Annual value-Valuation by Municipal Authorities determining the Annual value of a property cannot be rejected. [S. 22, 24]