https://www.taxtmi.com/caselaws?id=6484 Section 9 of the Indian Income-tax Act, 1922 taxed property income on annual value, while item 38 of Notification No. 878F allowed exemption for rent payable for a year but not paid and proved irrecoverable. The provision imposed a yearly ceiling on relief, but did not state that exemption had to be exhausted in a single assessment year. Where irrecoverable rent exceeded one year's rent, the balance could therefore be carried forward and claimed in later years, provided the annual limit was not exceeded each year. Any ambiguity in the exemption provision was construed in favour of the assessee. en-us Tue, 17 Aug 1976 00:00:00 +0530 Tue, 06 May 2014 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6484 Section 9 of the Indian Income-tax Act, 1922 taxed property income on annual value, while item 38 of Notification No. 878F allowed exemption for rent payable for a year but not paid and proved irrecoverable. The provision imposed a yearly ceiling on relief, but did not state that exemption had to be exhausted in a single assessment year. Where irrecoverable rent exceeded one year's rent, the balance could therefore be carried forward and claimed in later years, provided the annual limit was not exceeded each year. Any ambiguity in the exemption provision was construed in favour of the assessee. Case-Laws Income Tax Tue, 17 Aug 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6484