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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Annual letting value - Property deemed to be let out - ...


Property Not Deemed Let Out If No Unreasonable Delay in Renting After Acquisition, No Income Addition for Taxes.

January 1, 2017

Case Laws     Income Tax     AT

Annual letting value - Property deemed to be let out - provisions cannot be applied when there is a time lag between the acquisition of the property and letting out of the property and there is no allegation of deliberate unreasonable delay in letting out of the property - no additions - AT

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