https://www.taxtmi.com/caselaws?id=235160 The court upheld the Tribunal's decision that notional interest on a security deposit should not be added to the agreed rent for determining the fair rent of the property. The court ruled in favor of the assessee, stating that the order of remand did not require interference, rejecting the Revenue's argument that notional interest should be considered in computing the annual lease value under Section 23 of the Income Tax Act, 1961. en-us Wed, 24 Apr 2013 00:00:00 +0530 Wed, 23 Oct 2013 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235160 The court upheld the Tribunal's decision that notional interest on a security deposit should not be added to the agreed rent for determining the fair rent of the property. The court ruled in favor of the assessee, stating that the order of remand did not require interference, rejecting the Revenue's argument that notional interest should be considered in computing the annual lease value under Section 23 of the Income Tax Act, 1961. Case-Laws Income Tax Wed, 24 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235160