VEGESNA ANANTHANKOTI RAJU,,VISAKHAPATNAM vs. DY CIT, (INTERNATIONAL TAXATION), , VISKHAPATNAM
In the result, the appeal of the assessee is partly allowed
ITA 528/VIZ/2017[2012-13]Status: DisposedITAT Visakhapatnam04 Apr 2018AY 2012-13
Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh
For Appellant: Shri G.V.N. Hari, ARFor Respondent: Shri T. Satyanandam, DR
method for determining the fair rental value but it is only when the Assessing
Officer is convinced that the case before him is suspicious, determination by the parties is doubtful that he can resort to enquire about the prevailing rate in the locality. We are of the view that municipal rateable value may not be binding on the Assessing Officer
