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

Court Rules Actual Rent Cannot Be Replaced by Notional Rent Without Proving Higher Expected Rental Value (Section 23(1)(a.

July 2, 2022

Case Laws Income Tax AT

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 ...

Court Rules Actual Rent Cannot Be Replaced by Notional Rent Without Proving Higher Expected Rental Value (Section 23(1)(a.

July 2, 2022

Case Laws Income Tax AT

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