https://www.taxtmi.com/highlights?id=53965 Addition on account of house rent - Income from house property - The AO failed to appreciate such estimation of annual letable value as per provision of Section 23(1 )(a) was called for only in case of vacant property and not where the property was actually let out since in the case of let out property, the assessee was not entitled to anything over and above the agreed rent. The said action of the AO has resulted in taxing notional income in the hands of the assessee, which never accrued and hence cannot be brought to tax. en-us Fri, 10 Jul 2020 08:10:21 +0530 Fri, 10 Jul 2020 08:10:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53965 Addition on account of house rent - Income from house property - The AO failed to appreciate such estimation of annual letable value as per provision of Section 23(1 )(a) was called for only in case of vacant property and not where the property was actually let out since in the case of let out property, the assessee was not entitled to anything over and above the agreed rent. The said action of the AO has resulted in taxing notional income in the hands of the assessee, which never accrued and hence cannot be brought to tax. Highlights Income Tax Fri, 10 Jul 2020 08:10:21 +0530 https://www.taxtmi.com/highlights?id=53965