https://www.taxtmi.com/caselaws?id=266235 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s order. The rent income was deemed taxable under section 22, not section 2(24)(iv), and the addition of notional interest on interest-free deposits was deemed unjustified based on legal principles and precedents. The judgment provides a detailed analysis of the taxability of rent income and interest-free deposits, emphasizing the importance of taxing real income and adhering to legal provisions. en-us Thu, 08 Oct 2015 00:00:00 +0530 Mon, 19 Oct 2015 08:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266235 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s order. The rent income was deemed taxable under section 22, not section 2(24)(iv), and the addition of notional interest on interest-free deposits was deemed unjustified based on legal principles and precedents. The judgment provides a detailed analysis of the taxability of rent income and interest-free deposits, emphasizing the importance of taxing real income and adhering to legal provisions. Case-Laws Income Tax Thu, 08 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266235