Court Rules Hypothetical Rent Cannot Be Taxed as Income if Property Remains Vacant Without Actual Rent Received.

Court Rules Hypothetical Rent Cannot Be Taxed as Income if Property Remains Vacant Without Actual Rent Received. https://www.taxtmi.com/highlights?id=69333 Income from house property - Vacancy allowance - deemed income / fictitious income - since the assessee has not received rental income from 19.04.2016 to 31.03.2017, hence, hypothetical rent should not be taxed in the hands of the assessee. - AT en-us Thu, 20 Apr 2023 18:26:35 +0530 Thu, 20 Apr 2023 18:26:35 +0530 TaxTMI RSS Generator Court Rules Hypothetical Rent Cannot Be Taxed as Income if Property Remains Vacant Without Actual Rent Received. https://www.taxtmi.com/highlights?id=69333 Income from house property - Vacancy allowance - deemed income / fictitious income - since the assessee has not received rental income from 19.04.2016 to 31.03.2017, hence, hypothetical rent should not be taxed in the hands of the assessee. - AT Highlights Income Tax Thu, 20 Apr 2023 18:26:35 +0530 https://www.taxtmi.com/highlights?id=69333