https://www.taxtmi.com/caselaws?id=289318 Notional interest on an interest-free security deposit under a leave and licence arrangement may be included in the annual letting value where the deposit is disproportionately high and appears to mask the real rent. The transaction must be read as a whole, and a licence does not create an interest in the property under the Indian Easement Act, 1882. On the facts, the deposit was treated as part of the rent structure for computing income from house property, although the rate of notional interest was reduced to reflect prevailing deposit rates. The addition was therefore sustained. en-us Fri, 09 Feb 2018 00:00:00 +0530 Sat, 25 Jul 2020 08:08:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289318 Notional interest on an interest-free security deposit under a leave and licence arrangement may be included in the annual letting value where the deposit is disproportionately high and appears to mask the real rent. The transaction must be read as a whole, and a licence does not create an interest in the property under the Indian Easement Act, 1882. On the facts, the deposit was treated as part of the rent structure for computing income from house property, although the rate of notional interest was reduced to reflect prevailing deposit rates. The addition was therefore sustained. Case-Laws Income Tax Fri, 09 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289318