https://www.taxtmi.com/caselaws?id=21637 Deduction for unrealised rent under section 24(1)(x) read with rule 4 was available only if the statutory conditions were met, including bona fide tenancy, actual loss and irrecoverability of the rent, and reasonable steps for recovery or satisfaction of the Income-tax Officer that recovery proceedings would be useless. On the facts, the tenant had tendered rent, the amount was deposited with the Rent Controller after refusal by the assessee, and the assessee failed to show that all reasonable recovery steps had been taken. The material did not establish that the rent was wholly lost or irrecoverable, so the deduction was disallowed and the issue was answered against the assessee. en-us Thu, 21 Feb 1991 00:00:00 +0530 Thu, 26 Nov 2009 12:15:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21637 Deduction for unrealised rent under section 24(1)(x) read with rule 4 was available only if the statutory conditions were met, including bona fide tenancy, actual loss and irrecoverability of the rent, and reasonable steps for recovery or satisfaction of the Income-tax Officer that recovery proceedings would be useless. On the facts, the tenant had tendered rent, the amount was deposited with the Rent Controller after refusal by the assessee, and the assessee failed to show that all reasonable recovery steps had been taken. The material did not establish that the rent was wholly lost or irrecoverable, so the deduction was disallowed and the issue was answered against the assessee. Case-Laws Income Tax Thu, 21 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21637