Midland International Ltd. vs Deputy Commissioner Of Income Tax

Whether notional interest on interest-free security deposit can be added to determine Annual Letting Value (ALV) under section 23(1)(a) of the Income Tax Act, 1961 --- Held No. Whether administrative and personnel expenses can be proportionately allocated to house property income without specific identification --- Held No. Whether disallowance of telephone and car expenses/depreciation can be made in the case of a company based on presumption of personal use --- Held No.