https://www.taxtmi.com/caselaws?id=7683 Unrealised rent under the 1922 Government notification was held deductible in successive assessment years where statutory conditions were satisfied. The phrase "rent payable for a year" was construed as setting only the yearly ceiling on the deduction, not restricting the relief to a single assessment year. A prior allowance for an earlier year therefore did not bar a fresh claim for later years, because the exemption addresses taxation of income not actually realised and may operate again while the rent remains unrealised. en-us Thu, 18 Dec 1969 00:00:00 +0530 Tue, 17 Mar 2009 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7683 Unrealised rent under the 1922 Government notification was held deductible in successive assessment years where statutory conditions were satisfied. The phrase "rent payable for a year" was construed as setting only the yearly ceiling on the deduction, not restricting the relief to a single assessment year. A prior allowance for an earlier year therefore did not bar a fresh claim for later years, because the exemption addresses taxation of income not actually realised and may operate again while the rent remains unrealised. Case-Laws Income Tax Thu, 18 Dec 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7683