https://www.taxtmi.com/caselaws?id=396829 The Tribunal ruled in favor of the appellant, deleting the addition of notional rental income on a commercial property under section 23(1)(a) of the Income-tax Act. The decision was based on the cancellation of the lease, making it impossible for the appellant to rent out the property. The Tribunal emphasized the significance of legal precedents and factual circumstances in determining tax implications related to notional rental income on properties. en-us Tue, 07 Jul 2020 00:00:00 +0530 Tue, 21 Jul 2020 10:43:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396829 The Tribunal ruled in favor of the appellant, deleting the addition of notional rental income on a commercial property under section 23(1)(a) of the Income-tax Act. The decision was based on the cancellation of the lease, making it impossible for the appellant to rent out the property. The Tribunal emphasized the significance of legal precedents and factual circumstances in determining tax implications related to notional rental income on properties. Case-Laws Income Tax Tue, 07 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396829