INCOME TAX : Where assessee had rented out a part of its residential flat and computed ALV of said property on basis of valuation report of Municipal authorities but Assessing Officer had not accepted valuation made by Municipal Authorities and had referred to ALV of some other properties (commercial property) rented out in nearby locality,
from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000192860/alv-computed-on-basis-of-valuation-report-of-municipal-authorities-couldn’t-be-rejected-without-valid-reason.aspx
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