https://www.taxtmi.com/caselaws?id=22371 The court ruled against the assessee in a case involving the deduction of unrealized rent under the Income-tax Act, 1961. The Appellate Tribunal had allowed the deduction based on potential irrecoverability in subsequent years, but the court emphasized the need to prove actual irrecoverability, not just delay in payment or pending legal proceedings. The court held that without evidence of the tenant's inability to satisfy the decree due to the pending civil suit, the deduction of unrealized rent was not justified. This decision underscores the strict criteria under rule 4 for claiming deductions of genuinely lost and irrecoverable rent. en-us Thu, 21 Feb 1991 00:00:00 +0530 Wed, 09 Dec 2009 15:35:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22371 The court ruled against the assessee in a case involving the deduction of unrealized rent under the Income-tax Act, 1961. The Appellate Tribunal had allowed the deduction based on potential irrecoverability in subsequent years, but the court emphasized the need to prove actual irrecoverability, not just delay in payment or pending legal proceedings. The court held that without evidence of the tenant's inability to satisfy the decree due to the pending civil suit, the deduction of unrealized rent was not justified. This decision underscores the strict criteria under rule 4 for claiming deductions of genuinely lost and irrecoverable rent. Case-Laws Income Tax Thu, 21 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22371