https://www.taxtmi.com/caselaws?id=780945 ITAT PUNE - AT held that no addition for notional rent is warranted where the immovable properties were used by a partnership firm for business and professional activities (offices, store rooms, records). The assessing officer's 50% deemed rental addition was set aside because the facts of business use were uncontroverted and, following relevant precedent, notional rent cannot be taxed in the hands of the individual partner. Impugned addition deleted; decision for the assessee. en-us Tue, 04 Nov 2025 00:00:00 +0530 Sat, 08 Nov 2025 08:30:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780945 ITAT PUNE - AT held that no addition for notional rent is warranted where the immovable properties were used by a partnership firm for business and professional activities (offices, store rooms, records). The assessing officer's 50% deemed rental addition was set aside because the facts of business use were uncontroverted and, following relevant precedent, notional rent cannot be taxed in the hands of the individual partner. Impugned addition deleted; decision for the assessee. Case-Laws Income Tax Tue, 04 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780945