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![AO Not Bound by Municipal Rateable Value, Can Fix Fair Rent Independently u/s 23(1)(a) Income Tax Act: Bombay HC [Read Order] AO Not Bound by Municipal Rateable Value, Can Fix Fair Rent Independently u/s 23(1)(a) Income Tax Act: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/25/500x300_2080411-ao-municipal-rateable-fair-rent-independently-income-tax-act-bombay-hc-taxscan.webp)
AO Not Bound by Municipal Rateable Value, Can Fix Fair Rent Independently u/s 23(1)(a) Income Tax Act: Bombay HC [Read Order]
In a recent ruling, the Bombay High Court held that the Assessing Officer is not bound to accept the municipal rateable value while determining the...


![Failure of Assessee in submitting Information regarding Cost involved in furnishing of flats: ITAT sustains Addition made by AO [Read Order] Failure of Assessee in submitting Information regarding Cost involved in furnishing of flats: ITAT sustains Addition made by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-of-Assessee-submitting-Information-regarding-Cost-involved-furnishing-flats-ITAT-sustains-Addition-AO-taxscan.jpg)
![Dept cannot Re-Fix Annual Rent Value when Rental Income shown by Assessee is Genuine & not influenced by Fraud, Collusion etc: ITAT [Read Order] Dept cannot Re-Fix Annual Rent Value when Rental Income shown by Assessee is Genuine & not influenced by Fraud, Collusion etc: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Rental-Income-Taxscan.jpg)