you will be voted according to your given Answer,

) The defaulting tenant is not in occupation of any other property of the assessee: iv) The assessee has taken all reasonable steps to institute legal proceeding for the recovery of the unpaid rent or has satisfied the Assessing Officer that legal proceedings would be worthless Step 3: Compare the values calculated in step 1 and step 2 and take the higher one. Step 4: Where there is vacancy and owing to such vacancy the 'ARR- UR' is less than the RER, then 'ARRUR computed in step 2 will be treated as GAV f33 Particulars Amount Steps 1st AR Compute Reasonable Expected Rent [RER] Gross Municipal Value (a) Fair Rent (b) Higher of the (a) and (b) (A) Standard Rent [B] Reasonable Expected Rent Lower of (A and B) (C) Actual Rent Received or Receivable (ARR) - Unrealised Rent of the current year (UR) [DI Gross Annual Value Higher of C and D shall be considered as GAV However, where 'ARR-UR' is lower due to vacancy, then 'ARRUR' computed in step 2 will be treated as GAV. *** 2nd 3rd 4th House 5 House 3 12,000 16,000 ILLUSTRATION 1 (COMPUTATION OF REASONABLE EXPECTED RENT] Calculate Reasonable Expected Rent from the following details: Particulars House 1 House 2 Gross Municipal Value (a) 10,000 12,000 Far Rent (b) 8,000 16,000 Higher of the [(a) and (b)] [A] 10,000 16,000 Standard Rent as per Rent Control Act [B] 10,000 14,000 Reasonable Expected Rent (Lower of (A) & (B)] 10,000 14,000 17,000 16,000 16,000 House 4 4 18,000 10,000 18,000 8,000 8,000 17,000 NA 20,000 16,000 17,000 ILLUSTRATION 2 WHEN THERE IS NEITHER UNREALISED RENT NOR VACANCY PERIOD Calculate Gross Annual Value for the following house properties in '000) Particulars H1 H2 H4 H5 H6 H3 140 120 130 150 160 180 105 115 135 155 175 168 Gross Municipal value for the whole year Fair rent for the whole year Standard rent (for whole year) Actual rent receivable Period of the previous year (in months) NA 100 135 180 165 144 100 110 135 175 200 100 12 12 12 12 12 10