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    <title>annual value of not let out property</title>
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    <description>Vacancy allowance for house property depends on the assessee proving that the property was genuinely available for rent and that there was intent to let it out but tenants could not be found; absent such proof, no vacancy allowance is allowed and there is no income from the property if it remained vacant for the entire year.</description>
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      <title>annual value of not let out property</title>
      <link>https://www.taxtmi.com/forum/issue?id=5075</link>
      <description>Vacancy allowance for house property depends on the assessee proving that the property was genuinely available for rent and that there was intent to let it out but tenants could not be found; absent such proof, no vacancy allowance is allowed and there is no income from the property if it remained vacant for the entire year.</description>
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      <law>Income Tax</law>
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