https://www.taxtmi.com/caselaws?id=374647 The Tribunal addressed the issues of addition of deemed rental income from a vacant property and the disallowance of expenses in detail. It directed reconsideration of the rental income addition based on relevant provisions and decisions, allowing the appeal for statistical purposes. The disallowance of expenses was reduced from Rs. 4 lakhs to Rs. 2.5 lakhs by the Tribunal, partially allowing the appeal. The decision clarified the correct application of the Income Tax Act, resulting in a partial success for the assessee. en-us Wed, 26 Dec 2018 00:00:00 +0530 Wed, 06 Feb 2019 07:23:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374647 The Tribunal addressed the issues of addition of deemed rental income from a vacant property and the disallowance of expenses in detail. It directed reconsideration of the rental income addition based on relevant provisions and decisions, allowing the appeal for statistical purposes. The disallowance of expenses was reduced from Rs. 4 lakhs to Rs. 2.5 lakhs by the Tribunal, partially allowing the appeal. The decision clarified the correct application of the Income Tax Act, resulting in a partial success for the assessee. Case-Laws Income Tax Wed, 26 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374647