Income from house property - notional rental income - no efforts ...

Case Laws Income Tax

July 2, 2022

Income from house property - notional rental income - no efforts were made by the Assessing Officer to determine the monthly rental/rate at which the Leased Property might have been reasonably expected to be let out in terms of Section 23(1)(a) - actual annual rent received by the Appellant cannot be substituted by a notional rent without the Assessing Officer arriving at a finding that the Leased Property is can be reasonably expected to be let out for a higher sum. - AT

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Income from house property - notional rental income - no efforts ...

Case Laws Income Tax

July 2, 2022

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