The fact that the assessee is a co–owner of a residential flat, a part of which is given out on rent, has not been disputed. It is evident, the assessee had shown the annual value of the property at Rs. 30,000 per annum and has supported it through a valuation made by the Municipal Authority who determined the ALV at Rs. 79,380 per annum. Undisputedly, the valuation by the Municipal Authorities was furnished before the Assessing Officer as well as learned Commissioner (Appeals). It is apparent on record, neither the Assessing Officer nor learned Commissioner (Appeals) has accepted the valuation made by the Municipal Authorities. On the contrary, the Assessing Officer has referred to the ALV of some other properties rented out in the nearby locality. Objecting to this, the contention of the assessee is, the comparable cases of property rented out as considered by the Assessing Officer are commercial properties rented out to Banks. Whereas, in assessee's case it is a residential house and a part of which is rented out. On a perusal of the material on record, we find that neither the Assessing Officer nor learned Commissioner (Appeals) has made any enquiry with the Municipal Authorities or any other Government agencies to find out the market rent of assessee's property. Without making any such enquiry, the valuation of Municipal Authorities furnished by the assessee could not have been rejected, that too, without considering assessee's claim that the comparable cases referred to by the Assessing Officer are not at all comparable since they are commercial properties. Moreover, the determination of ALV @ Rs. 1,00,000, per month by learned Commissioner (Appeals) is without any basis and is on a pure estimation. Therefore, when the assessee had furnished a valuation from the Municipal Authorities determining the ALV at Rs. 79,380, the same could not have been rejected without valid and cogent reasoning. In view of the aforesaid, we are inclined to accept assessee's claim that ALV of the property has to be determined at Rs. 79,380, as per the valuation of Municipal Authorities and thereafter assessee's share shall be determined for addition under the head income from house property.