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Income Tax - Highlights / Catch Notes

Home Highlights August 2020 Year 2020 This

Determination of Income from house property - Suppression of ...

Case Laws     Income Tax

August 17, 2020

Determination of Income from house property - Suppression of rental income - We could appreciate the case of the AO, if he has made reference to the rent deed of adjoining properties and pointed out that this leased property could be fetch this much rent, and therefore, the annual letting value of the assessee’s house property is to be determined equivalent to the amount on which original rent fixed between the assessee and BWP. - AT

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