https://www.taxtmi.com/caselaws?id=789041 Property actually used for the assessee's business in the relevant year falls outside the charge to income from house property under section 22. Here, audited accounts, ledger records, balance-sheet schedules and receipts showed that the premises were actively used for running a pre-primary school, while the disputed receipts were advance collections and refundable deposits linked to that business. The Department's assumption of vacancy or passive ownership was unsupported. As the property was used for business purposes, no notional annual letting value could be added under section 23 on a percentage-of-cost basis, and the deletion of the addition was upheld. en-us Thu, 26 Mar 2026 00:00:00 +0530 Thu, 02 Apr 2026 08:50:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789041 Property actually used for the assessee's business in the relevant year falls outside the charge to income from house property under section 22. Here, audited accounts, ledger records, balance-sheet schedules and receipts showed that the premises were actively used for running a pre-primary school, while the disputed receipts were advance collections and refundable deposits linked to that business. The Department's assumption of vacancy or passive ownership was unsupported. As the property was used for business purposes, no notional annual letting value could be added under section 23 on a percentage-of-cost basis, and the deletion of the addition was upheld. Case-Laws Income Tax Thu, 26 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789041