https://www.taxtmi.com/caselaws?id=424519 The Tribunal ruled in favor of the appellant, allowing the appeals and deleting the notional rental income additions made by the Assessing Officer. The appellant was granted the benefit of vacancy allowance for the period when the property was vacant before being leased out, citing the genuine efforts to let out the property. Additionally, the Tribunal recognized the legitimacy of the rent-free period for renovations, emphasizing that no rent was received during this time and deleting the addition of notional rent for that period. en-us Fri, 27 May 2022 00:00:00 +0530 Sat, 02 Jul 2022 09:13:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424519 The Tribunal ruled in favor of the appellant, allowing the appeals and deleting the notional rental income additions made by the Assessing Officer. The appellant was granted the benefit of vacancy allowance for the period when the property was vacant before being leased out, citing the genuine efforts to let out the property. Additionally, the Tribunal recognized the legitimacy of the rent-free period for renovations, emphasizing that no rent was received during this time and deleting the addition of notional rent for that period. Case-Laws Income Tax Fri, 27 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424519