https://www.taxtmi.com/caselaws?id=26905 The High Court held that the assessee was entitled to vacancy allowance under section 24(1)(ix) of the Income-tax Act only if the property was let out for part of the year. The Tribunal's decision allowing vacancy allowance for unoccupied property was overturned, emphasizing that notional income could be considered before occupation or letting out. The High Court directed the Tribunal to determine the deduction for the vacant portion based on this interpretation, ruling in favor of the Revenue. en-us Tue, 02 Jul 1985 00:00:00 +0530 Tue, 09 Feb 2010 12:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26905 The High Court held that the assessee was entitled to vacancy allowance under section 24(1)(ix) of the Income-tax Act only if the property was let out for part of the year. The Tribunal's decision allowing vacancy allowance for unoccupied property was overturned, emphasizing that notional income could be considered before occupation or letting out. The High Court directed the Tribunal to determine the deduction for the vacant portion based on this interpretation, ruling in favor of the Revenue. Case-Laws Income Tax Tue, 02 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26905