https://www.taxtmi.com/caselaws?id=795053 Section 23(1)(c) applies to commercial property held for letting that remains vacant for the whole or part of the year where vacancy reduces actual rent below reasonable expected rent. A purposive reading treats "let" as including property intended and available to be let, provided the assessee demonstrates an intention to lease. Evidence such as a leasing business, broker-led efforts to find tenants, and subsequent letting can establish that the property was held for letting. Where no rent is received or receivable because of vacancy, the actual rent and annual letting value may be nil, eliminating deemed-rent addition. en-us Tue, 24 Mar 2026 00:00:00 +0530 Thu, 16 Jul 2026 09:07:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795053 Section 23(1)(c) applies to commercial property held for letting that remains vacant for the whole or part of the year where vacancy reduces actual rent below reasonable expected rent. A purposive reading treats "let" as including property intended and available to be let, provided the assessee demonstrates an intention to lease. Evidence such as a leasing business, broker-led efforts to find tenants, and subsequent letting can establish that the property was held for letting. Where no rent is received or receivable because of vacancy, the actual rent and annual letting value may be nil, eliminating deemed-rent addition. Case-Laws Income Tax Tue, 24 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795053