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Income Tax - Highlights / Catch Notes

Home Highlights June 2017 Year 2017 This

Notional income from house property - the building is under ...


Court Rules No Notional Income for House Under Furnishing, Used for Business Purposes; Deletion of Additions Upheld.

June 22, 2017

Case Laws     Income Tax     AT

Notional income from house property - the building is under furnishing itself shows that it is being used and occupied by the assessee for the purpose of the business. Even otherwise there is no evidence that property is let or being used by the assessee for any other purposes - Additions to be deleted.

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