Section 23(1) contemplates the possible rent that the property ...

Case Laws Income Tax

June 6, 2017

Section 23(1) contemplates the possible rent that the property might fetch but certainly not the interest in the fixed deposit that may be placed by the tenant with the landlord in connection with the letting out of such property. The notional interest was not assessable either as business income or as income from house property. - AT

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Section 23(1) contemplates the possible rent that the property ...

Case Laws Income Tax

June 6, 2017

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