https://www.taxtmi.com/caselaws?id=376716 The Tribunal upheld the Ld. CIT(A)'s decision to delete the house property income assessed by the AO for AY 2014-15. The Tribunal found that rent accrual was contingent upon approvals not obtained by the relevant year. It was clarified that compensation was due only post 'Rent Commencement period' and treated as an advance until OC procurement. As approvals were pending and no compensation was received during the relevant year, the Tribunal dismissed the Revenue's appeal, maintaining consistency with the decision for AY 2013-14. en-us Wed, 13 Mar 2019 00:00:00 +0530 Thu, 14 Mar 2019 18:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376716 The Tribunal upheld the Ld. CIT(A)'s decision to delete the house property income assessed by the AO for AY 2014-15. The Tribunal found that rent accrual was contingent upon approvals not obtained by the relevant year. It was clarified that compensation was due only post 'Rent Commencement period' and treated as an advance until OC procurement. As approvals were pending and no compensation was received during the relevant year, the Tribunal dismissed the Revenue's appeal, maintaining consistency with the decision for AY 2013-14. Case-Laws Income Tax Wed, 13 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376716