Notional rental income on commercial property u/s 23(1)(a) - ...
July 21, 2020
Case Laws Income Tax AT
Notional rental income on commercial property u/s 23(1)(a) - notional rental income on unsold stock u/s 23(1)(a) - There being impossibility of renting out the property, the AO is not justified to charge notional rent from this property and assess the same as income from house property as deemed income.
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